NM Property Tax, Veteran Exemption

NM Department of Veterans Services / County Assessor

Open Property Tax Relief

About This Program

As of 2025, New Mexico increased the universal veteran property tax exemption from $4,000 to $10,000 in taxable property value, adjusted for inflation in subsequent years. Any veteran with an honorable discharge who is a New Mexico resident qualifies, no disability rating required. Obtain a Certificate of Eligibility from the NM Department of Veterans Services.

A $10,000 reduction in taxable value saves approximately $200-$400 per year depending on local mill rate.

Key Details

  • Open to ALL veterans with honorable discharge, no disability rating needed
  • Increased to $10,000 off taxable value starting 2025 (inflation-adjusted)
  • Must be NM resident; obtain Certificate of Eligibility from NMDVS
  • Apply with Bernalillo County Assessor after receiving NMDVS certificate
  • NM Dept. of Veterans Services: 505-827-6300

How to Apply

Visit Official Program Page Track this program

505-827-6300

Deadline: Apply through NM Department of Veterans Services; March 31 county deadline

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