New Mexico Property Tax Exemption for Veterans & Seniors

Lea County Assessor / State of New Mexico

Available Property Tax Relief

About This Program

New Mexico offers property tax exemptions for qualifying veterans with service-connected disabilities and heads-of-household age 65+ with limited income. Veterans may receive up to $4,000 in valuation exemption; low-income seniors may receive up to $8,000 exemption, reducing annual property taxes.

Exemption reduces taxable home value, lowering annual property tax bill

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

Key Details

  • Up to $4,000 exemption for qualifying disabled veterans
  • Up to $8,000 exemption for low-income seniors 65+
  • Must apply annually by end of February
  • Apply through Lea County Assessor's Office
  • Reduces taxable home value and annual tax bill

How to Apply

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

Deadline: Apply by last day of February annually

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