![]() “The legal ad is kind of the last notice.” “The state sends a letter to owners and red tags the property (before the auction),” he said. Our big thing is getting the properties back on the tax rolls.”Ī five-and-a-half page legal advertisement listing the delinquent properties began running in the Valencia County News-Bulletin last week and will be published in the March 2 and 9 editions.Īfter the ad began running, Saiz said his office began getting calls from property owners on the list who don’t want to lose their property. I don’t anticipate the county making a lot of money. Second is penalties and interest and the county is last. “Every property is different and, depending on what it sells for, first and foremost the back taxes to the state will be paid. “The ultimate goal is to get the properties sold so they can get back to earning taxes for the county,” the treasurer said. ![]() ![]() Saiz said if the properties don’t sell for the minimum bid, they will go through a second round of bidding at 10 percent of the initial minimum bid. The state is offering up properties for auction at 10 a.m., Wednesday, March 15, at the Valencia County administration building, 444 Luna Ave., SE, in Los Lunas.Įach piece of property has a minimum bid ranging from a few hundred dollars up to $7,000. State statute allows taxation and revenue to, among other solutions, publicly auction off properties in order to recover the delinquent taxes. “Once properties are over three years delinquent, that’s when they are turned over to the (New Mexico Taxation and Revenue Department) and the state can do what it wants,” said Valencia County Treasurer Ron Saiz. ![]() More than 150 pieces of property throughout Valencia County are headed for the auction block due to unpaid property taxes. ![]()
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