New Mexico Statutes Chapter 7. Taxation § 7-38-24. Protesting values, classification, allocation of values and denial of exemption or limitation on increase in value determined by the county assessor

Current as of January 01, 2024 | Updated by Findlaw Staff

A. Petitions for protest authorized by Section 7-38-21 NMSA 1978 shall:

(1) be filed with the county assessor on or before:

(a) the later of April 1 of the property tax year to which the notice applies or thirty days after the mailing by the assessor of the notice of valuation if the notice was mailed with the preceding year's tax bill in accordance with Section 7-38-20 NMSA 1978;

(b) thirty days after the mailing of a property tax bill on omitted property pursuant to Section 7-38-76 NMSA 1978; or

(2) state the property owner's name and address and the description of the property;

(3) state why the property owner believes the value, classification, allocation of value or denial of a claim of an exemption or of a limitation on increase in value is incorrect and what the property owner believes the correct value, classification, allocation of value or exemption to be; and

(4) state the value, classification, allocation of value or exemption that is not in controversy.

B. Upon receipt of the petition, the county assessor shall schedule a hearing before the county valuation protests board and notify the property owner by certified mail of the date, time and place that the property owner may appear to support the petition. The notice shall be mailed at least fifteen days prior to the hearing date.

C. The county assessor may provide for an informal conference on the protest before the hearing.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-38-24. Protesting values, classification, allocation of values and denial of exemption or limitation on increase in value determined by the county assessor - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-38-24/

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