New Mexico Senior Property Tax Exemption

New Mexico Taxation and Revenue Department

Available Property Tax Relief

About This Program

Head of household property tax exemption for New Mexico residents age 65 or older with income below $32,000. Reduces assessed taxable value by up to $4,000.

Exempts up to $4,000 of assessed home value from property taxes

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $4,000 assessed value exemption
  • For homeowners 65+ with income under $32,000
  • Must apply by April 30 each year
  • Reduces annual property tax bill
  • Available statewide in New Mexico

How to Apply

A grant-savvy contractor in Grants, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Apply by April 30 annually

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