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.
Tax bills are by mailed November 1st of every year. At least one-half of the total bill must be paid by December 10th 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 10th of the following year to avoid delinquent charges.
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. Staff 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 10th 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 on July 1st 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.
The Treasurer is the chair of the Sandoval County Investment Committee (SCIC). The SCIC 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.