Quick answerNew Mexico sells tax deeds for unpaid property taxes. Redemption: No post-sale redemption. Property may not be sold until at least 3 years after it first appears on the delinquency list (§7-38-67); the owner may pay delinquent taxes, penalties, interest and costs at any time before the sale Sales: State-run public auctions scheduled throughout the year, county by county, as delinquent lists are prepared — the Property Tax Division must generally offer a sale at least annually in each county unless postponed by agreement Governing law: NMSA 1978, Property Tax Code §§7-38-65 to 7-38-70, esp. §7-38-67.