NMSA 7-38-21. Protests; county-assessed property; election of remedies

7-38-21. Protests; county-assessed property; election of remedies. A. A property owner may protest: (1) the value or classification determined by the county assessor for the property owner's property for property taxation purposes; (2) the allocation of value of the property to a particular governmental unit; (3) a denial of a claim for an exemption or a pending claim for an exemption; or (4) a limitation on increase in value. B. A property owner may protest pursuant to Subsection A of this section, either by: (1) filing a petition with the county assessor as provided in the Property Tax Code; or (2) filing a claim for refund after paying the property owner's taxes as provided in the Property Tax Code. C. The initiation of a protest under Paragraph (1) of Subsection B of this section is an election to pursue that remedy and is an unconditional and irrevocable waiver of the right to pursue the remedy provided in Paragraph (2) of Subsection B of this section. D. A property owner may also protest the application to the property owner's property of any administrative fee adopted pursuant to Section 7-38-36.1 NMSA 1978 by filing a claim for refund after paying the property owner's taxes as provided in the Property Tax Code. History: 1953 Comp., § 72-31-21, enacted by Laws 1973, ch. 258, § 61; 1978 Comp., § 7-38-21; 1981, ch. 37, § 71; 1983, ch. 215, § 1; 2001, ch. 24, § 1; 2015, ch. 73, § 19; 2023, ch. 36, § 5; 2026, ch. 9, § 3.