7-38-21: Protests; county-assessed property; election of remedies.

A. A property owner may protest:

(1) the value or classification determined by the county assessor for the property owner's property for property taxation purposes;

(2) the allocation of value of the property to a particular governmental unit;

(3) a denial of a claim for an exemption or a pending claim for an exemption; or

(4) a limitation on increase in value.

B. A property owner may protest pursuant to Subsection A of this section, 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.

C. The initiation of a protest under Paragraph (1) of Subsection B 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 B of this section.

D. 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.