§ 7-38-21 — Protests; county-assessed property; election of remedies

A. A property owner may protest the value or classification determined by the county assessor for the property owner's property for property taxation purposes, the allocation of value of the property to a particular governmental unit or a denial of a claim for an exemption or for a limitation on increase in value 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. B. The initiation of a protest under Paragraph (1) of Subsection A 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 A of this section. C. 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.

Legislative History

1953 Comp., § 72-31-21, enacted by Laws 1973, ch. 258, § 61; 1978 Comp., §