NM Low-Income Property Tax Valuation Freeze

About This Program

New Mexico allows qualifying low-income and elderly homeowners to freeze their property's taxable value, preventing increases as property values rise. Eligibility criteria including income limits vary by county and are set annually. Homeowners should contact the Bernalillo County Assessor's Office to confirm 2026 income thresholds and application requirements.

Savings vary depending on local real estate appreciation; freezing valuation prevents future tax increases rather than providing an immediate reduction.

Key Details

• Must own and occupy home as primary residence
• Income and age requirements vary by county – contact Bernalillo County Assessor
• Freezes taxable property value to current level
• Prevents property tax increases as home values rise
• Apply by April 1 each year; Bernalillo County Assessor: 505-222-3700

How to Apply

Deadline: April 1 annually