Signing up for the Installment Plan is easy. First, prior year's first and second half payments must be paid in full and be current. You must enroll before May 10th and be current on your account you are enrolling in. A contract will be mailed out to you around June with the options of: Automatic Bank withdrawals or ten monthly coupons that will be mailed to you.
You can enroll by contacting the Treasurer’s office at (505) 986-6245 or by completing the enrollment application by clicking here. You also have the option of printing the application and mailing it to:
Santa Fe County Treasurer
P.O. Box T
Santa Fe, NM 87504
PLEASE BE ADVISED that if you are on this installment plan, you will receive a bill. Per State Statue, our office must send you a bill.
HOW IT WORKS
We will get the total off your prior year’s total and divide that total by 10 for the ten months (NMSA 7-38-38.3). The first payment will be due on July 10th. Because we do not know the following year’s future value, PLEASE BE ADVISED that your final payment due on April 10th may be higher or lower than your previous payments. Balances will vary due to valuation increases, bond elections or school bond elections. Please call our office at (505)986-4245 to get the amount of your final payment.
2022 property taxes were $1,500.00
- First monthly prepayment and each of the next 9 payments are 10% of the$1,500.00 or $150.00 each.
- First payment is due 7/10/23 and on the tenth of each successive month.
- The property owner has paid 9 x $150.00 = $1,350.00.
2023 property taxes are $1,585.00
- The tenth and final payment would be $1,585.00 - $1,350.00 = $235.00
7-38-38.3. Optional prepayment of property taxes in monthly payments.
A board of county commissioners may by resolution provide property owners the option of making prepayments of property taxes in ten monthly payments beginning June 1 of the year in which the tax bill is prepared and ending March 1 of the following year. The first nine monthly payments shall each be in an amount equal to ten percent of the prior year's property tax bill and the final payment on March 1 shall be in an amount equal to the balance of the tax due, as indicated on the tax bill prepared and mailed pursuant to Sections 7-38-36 and 7-38-37 NMSA 1978; provided that an option otherwise allowed pursuant to this section may not be exercised if taxes are escrowed for the property owner and included in the property owner's monthly mortgage payment.
History: Laws 2008, ch. 33, § 2.
Effective dates. — Laws 2008, ch. 33 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 14, 2008, 90 days after the adjournment of the legislature.
Applicability. — Laws 2008, ch. 33, § 3 provided that the provisions of Laws 2008, ch. 33, §§ 1 and 2 apply to property tax years beginning on or after January 1, 2009.