Overview of the Treasurer’s Office
The Treasurer serves as the tax collector and investor of public funds for Sandoval County, the State and numerous other tax agencies. The Treasurer’s Office receives the assessed valuation, the tax rate and the amount of taxes due from the Assessor’s office and has an obligation to collect all taxes and fees owed on personal and real property in Sandoval County.
The Office collects and disburses tax collections to appropriate governmental agencies and keeps all books, records and funds pertaining to the office ready for inspection by the County Commission, the State Department of Finance and Administration and the auditors.
The Treasurer is the chair of the Sandoval Treasurer’s Investment Committee (STIC). The STIC meets on a quarterly basis. The Treasurer meets with the County Commission working as the Board of Finance on a quarterly basis.
The Treasurer, with advice and consent of the County Board of Finance, has ultimate authority over investment of public funds. The Treasurer invests funds in accordance with the rules, regulations, statutes and the Sandoval County Investment Policy.
The Treasurer’s office works on a tax calendar instead of a yearly calendar. Tax bills are mailed November 1 of each year. At least one-half of the total bill must be paid by December 10 to avoid delinquent charges of penalty and interest. Any taxes under $10 should be paid in full during first-half. The second-half payment must be paid by May 10 of the following year to avoid delinquent charges. The Treasurer expands office hours from 7:30 am to 5:15 pm during tax season to accommodate taxpayers. Treasurer Montoya has also implemented an outreach program for taxpayers to ask property tax questions or pay their taxes within their own community during both tax seasons.
Property taxes may be paid in person, by mail, through mortgage companies, at a drop box located in the North parking lot of the County Administration Building, and New Mexico Bank & Trust Branches in Rio Rancho, online or over the phone. The Treasurer and team members, as well as the phone service, are accessible in English and Spanish.
Delinquency notices are mailed to property owners for any tax bill that is 30 or more days delinquent as of June 30 of each year. The notice will stress that if the taxes, penalty and interest charges are not paid within two years from the date of delinquency, the property records will be transferred to the State Property Tax Division which includes a “cost to state” fee $125.00 and the risk of their property being sold at public auction. By law, each county is required to have an annual auction that takes place in the county commission chambers which is completed by the New Mexico Property Tax Division.