A. A property owner may protest the value or classification determined by the department 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 by:(1) filing a petition of protest with the administrative hearings office, as provided in the Property Tax Code; or(2) filing a claim for refund with a district court 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 alternative remedy provided in Paragraph (2) of Subsection A of this section.History: 1978 Comp., § 7-38-21.1, enacted by Laws 2023, ch. 36, § 6. ANNOTATIONSEffective dates. — Laws 2023, ch. 36, § 10 made Laws 2023, ch. 36, § 6 effective July 1, 2023.
New Mexico Legal Code