The First Session of the 58th Legislature

January 4-15, 2027: Legislation may be prefiled
January 19: Opening day (noon)
February 18: Deadline for introduction
March 20: Session ends (noon)
April 9: Legislation not acted upon by governor is pocket vetoed*
June 18: Effective date of legislation not a general appropriation bill or a bill carrying an emergency clause or other specified date
*Dependent on 2026 Constitutional Amendment outcome

BlueSky Profile

BILL OFFERS PROPERTY OWNERS MORE FLEXIBILTY TO PAY TAXES

Important Session Info

For immediate release

Contact: Arnold Vigil, (505) 986-4263

www.nmsenate.com

SB 430

 

 

 

PROPOSED LAW OFFERS PROPERTY OWNERS

MORE FLEXIBILTY TO PAY PROPERTY TAXES

 

A bill introduced in the New Mexico State Senate by Senator Michael Padilla (Bernalillo, District 14) would make it possible for property owners to make partial payments or negotiate a payment plan on their annual tax bill. The bill also allows country treasurers more flexibility in collecting existing and delinquent property taxes.

“In these tough times, Senate Bill 430 allows New Mexicans to make partial property tax payments, to help avoid loss of property,” said Senator Padilla. “Today, county treasurers cannot accept partial payments for property taxes. This bill helps New Mexico families to make partial property-tax payments and keep their homes.”

Under current law, property owners must either pay the total amount — or half — of their annual property-tax bill in December, and the remaining balance six months later, with each amount due in full. There are no provisions that enable them to pay in payments or in amounts that are deducted from the principal. Penalty fees are assessed If the total amount, or half of the total, is not paid in full on or before the specified due dates.

“It is possible for consumers to arrange a payment plan on nearly any big ticket item that they purchase in their daily lives,” added Senator Padilla. “This legislation provides for the same flexibility when paying property taxes, which usually take a big chunk out of a regular working-family’s budget as well as the elderly who are on a fixed income.”

 

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