2020 New Mexico Statutes
Chapter 73 - Special Districts
Article 11 - Irrigation Districts Cooperating with United States Under Reclamation Laws; Fiscal Affairs; Local Improvements and Special Powers
Section 73-11-38 - [Delinquent taxes; interest.]
On January 1st of each year if the taxes, levies and assessments made the previous year shall not have been paid, one-half thereof shall become delinquent and on July 1st following if not paid, the remaining one-half of said taxes, assessments and levies shall become delinquent and such taxes, assessments and levies from the respective dates of delinquency shall bear interest at the rate of one percent per month until paid.
History: Laws 1931, ch. 91, § 2; 1941 Comp., § 77-2338; 1953 Comp., § 75-24-38.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — This section conflicts with 73-13-33 NMSA 1978 as to delinquent dates and interest rates. The latter provided February 1 and August 1 as delinquent dates, after which interest of one-half percent per month is charged. See also 73-11-39 NMSA 1978, which conflicts with this section as to interest rates chargeable to delinquent assessments by providing for rate of one-half percent per month.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 45 Am. Jur. 2d Irrigation § 72.
