Please note that the 2016 Prepayment Program has already started as of June 2016. If you sign up, you will be put on the Prepayment Program for next year for 2017. If you meet the criteria below, you will receive an Eligibility Notice and Agreement in April 2017 that you must sign and return to our office. If you have any questions, please call (505) 722-4459 ext. 1062.
Are you interested in paying your taxes monthly in smaller amounts than two (2) lump sums?
McKinley County Treasurer, Ernest C. Becenti Jr. is offering property owners the option of making prepayments for their property taxes in ten monthly payments beginning June 1 of each year.
2008 Senate Bill 177, authorized county government to provide their property tax payers the option of making prepayments on their property taxes. This allows you to pay in 10 monthly installments beginning June 1st of the year the bill is prepared and ends March 1st of the following year. The first nine installments shall be each be ten percent (10%) of the prior year’s property tax bill and the final payment on March 1st shall be the balance of the tax due on the tax bill that was prepared and mailed.
To be eligible for this program:
You must be current on your property taxes
Your property taxes must NOT be escrowed nor included in your monthly mortgage payment.
To enroll, fill out a request form in the options below. We will send a Prepayment Agreement in April of the year the bill is prepared that you must sign and return. Then we will mail you ten payment coupons in May of the year the bill is prepared. Your first payment will be June 1 of the year the bill is prepared.
Here is an example of how the monthly prepayments for property taxes will be calculated:
Previous Year property taxes were $1,500
First nine (9) prepayments are 10% of the $1500, so that is 9 monthly payments of $150.
First payment is due June 1 and the next payments on the 1st of each month after. Your total for 9 monthly payments will be 9 x $150 = $1,350.
When the property taxes are prepared and billed in November, it is $1,585. So the tenth and final payment due March 1 would be $1,585 - $1,350 = $235.
Prepayment Program Request Options
If you have any questions regarding the Prepayment Program, please call our office at (505) 722-4459 ext. 1062.