NM Property Tax – Veteran Exemption

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

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