Standard veteran property tax exemption
- Who qualifies
- New Mexico resident veterans or their unmarried surviving spouses who own the property, including qualifying grantor-trust property. Veterans generally need 90 continuous active-duty days; service-connected disablement causing earlier discharge is an exception. A dishonorable discharge or discharge for misconduct does not qualify.
- What you get
- Deducts $10,000 of taxable property value for tax year 2025, with statutory inflation adjustment beginning in 2026.
- How to apply
- Obtain the state eligibility certificate using the linked DVS form, then file proof with the county assessor within 30 days after the notice of valuation is mailed.
Official page (opens in a new tab) NMSA 7-37-5 and 7-38-17
Sources (3)
- HB 47, NMSA 7-37-5 (p. 1) (opens in a new tab), New Mexico Legislature
- Veterans exemption application (p. 3) (opens in a new tab), New Mexico Department of Veterans' Services
- HB 285, NMSA 7-38-17 (p. 5) (opens in a new tab), New Mexico Legislature