New Mexico Veteran Property Tax Exemptions
Program at a Glance
- Location: New Mexico (statewide, through your county assessor)
- Status: Open; the state announcement lists no deadline
- Maximum benefit: A prorated exemption based on your VA rating from 10% to 100%, plus a standard veteran exemption of $10,000 that is adjusted yearly
- Who it’s for: Veterans who own property, and veterans with a service-connected disability rating on their primary residence
- How to apply: Get a certificate of eligibility from the New Mexico Department of Veterans’ Services, then file it with your county assessor
- Last verified: November 2026
About the Program
Starting in 2026, New Mexico gives veterans with a service-connected disability rating a prorated exemption on their primary residence, scaled to a rating between 10% and 100%. Before this only veterans rated 100% got a full exemption. The standard exemption that every veteran who owns property can claim rose from $4,000 to $10,000 and is adjusted yearly. The state says the higher standard exemption saved about 65,720 veterans an estimated $19 million in 2025. To apply, contact the Department of Veterans’ Services at 1-866-433-8387 for a certificate of eligibility, then file it with your county assessor. The announcement doesn’t give exact percentages, a deadline, or rules for surviving spouses, so ask the county assessor.
Official source: New Mexico Taxation and Revenue: Veterans benefit from expanded property tax exemptions (August 2026)
Thinking About New Mexico?
You’ve learned about the program. Now look at communities across New Mexico to find the place that’s the best fit for you.
Explore:
- LookyLOO Reviews of New Mexico cities
- Neighborhood Guides
- Local Reviews
- Schools and quality of life
- Save cities to your Movebook
Last checked Nov 10, 2026.