Veteran Exemption
Who qualifies
- Income
- No income limit.
- Ownership
- Own the property; the exemption may be applied to one property. The Certificate of Eligibility is registered with the county assessor.
- Residency
- New Mexico resident veteran honorably discharged from the U.S. armed forces (minimum 90 continuous days of active duty, with an exception where discharge was due to service-connected disablement), or the veteran's unremarried surviving spouse. A Certificate of Eligibility from the NM Department of Veterans' Services is required.
How much it saves
Worked example — a $300,000 home at New Mexico's median effective rate (~0.55%):
Your county's rate differs — use the calculator for a figure tuned to where you live.
How to apply
- Application required: Yes
- Deadline: Obtain a Certificate of Eligibility from the NM Department of Veterans' Services and register it with the county assessor; it is then applied annually.
- Renewal: automatic — Once the Certificate of Eligibility is on file with the county assessor, the exemption applies in subsequent years without reapplication.
Combining with other exemptions
May be combined with the Head-of-Family Exemption; both reduce net taxable value. Applied before the Disabled Veteran Exemption.
Amount cross-checked against a second official artifact: nmlegis.gov/Sessions/25%20Regular/bills/house/HB0047TRS.HTML.
Informational only — not legal or tax advice. Exemption rules and amounts are summarized from official statutes and state tax-agency sources as of each program's verified date and can change by legislative session. Dollar figures are estimates derived from Census ACS county tax data, not actual bills. Confirm your eligibility and current amounts with your county assessor before relying on anything here.