The New Mexico Department of Veterans’ Services (NMDVS) is currently accepting applications from veterans for new property tax exemptions. The standard veteran property tax exemption has been set at $10,000 and will be applied to the veteran or unmarried spouse survivor’s 2025 notice of value. Starting in 2026, this amount will be adjusted for inflation.
For the 2026 tax year, the Disabled Veterans Exemption allows veterans or their unmarried surviving spouses to apply for an adjusted exemption based on the percentage of the veteran’s disability as determined by federal law. To qualify for this exemption, veterans must submit an application to NMDVS and file it with their County Assessor.
These exemptions aim to provide financial relief to veterans in recognition of their service. NMDVS has organized events across the state to explain these changes. Veteran Service Officers (VSOs) will be present at these events to assist veterans and their eligible dependents with filing VA claims and obtaining benefits.
To verify eligibility, applicants need a copy of DD-214, NA 13038, NOAA Form 56-16, or PHS Form 1867; a VA Award Letter showing disability percentage; a New Mexico Driver’s License, ID, Voter registration card, or recent NM Personal Income Tax Return; and if applicable, marriage and death certificates for widows/widowers.
For questions regarding property tax exemptions or other benefits, contact NMDVS at 1-866-433-8387.
Information from this article can be found here.
