New Mexico Property Tax Exemption for Seniors and Disabled Veterans

Lea County Assessor / New Mexico Taxation & Revenue

Available Property Tax Relief

About This Program

Property tax exemption on the first $4,000 of assessed value for New Mexico residents age 65+ or disabled veterans with income below $32,000. Reduces annual property tax bill for qualifying homeowners.

Exemption reduces assessed value by $4,000, typical tax savings around $200-400 annually

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

Key Details

  • $4,000 property value exemption
  • For residents age 65+ or disabled veterans
  • Income must be below $32,000
  • Apply annually by February 1
  • Reduces annual property tax bill

How to Apply

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

Deadline: Apply annually by February 1

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