NM Property Tax – Head of Family Exemption

About This Program

New Mexico provides a $2,000 reduction in the taxable value of a primary residence for qualifying heads of family who are New Mexico residents. This exemption reduces property tax liability annually and must be applied for with the county assessor's office. It can be combined with veteran exemptions.

A $2,000 reduction in taxable value saves approximately $40–$80 per year depending on local mill rate. Reduces the base against which taxes are calculated.

Key Details

• Must be a New Mexico resident and head of family
• Reduces taxable property value by $2,000
• Apply at the Bernalillo County Assessor's Office by March 31
• Can be combined with veteran or disabled veteran exemptions
• Annual benefit; re-application may not be required once established

How to Apply

Deadline: Apply by March 31 each year with county assessor