Veterans Tax Exemption

Under New Mexico State Statutes, veterans and their surviving spouses are allowed a $4,000 reduction off the assessed value of real property, or a 1/3 reduction on vehicle registrations.

1.     Veteran must provide a copy of DD 214 or equivalent Department of Defense document showing dates of service (both date and place of entry as well as date and place of separation).

2.     Service must have been honorable.

3.     Veteran must have served on active duty continuously for a period of 90 days. If discharged with less than 90 days of service, such discharge must have been as a result of service incurred disability.

4.     Veteran must establish residency in New Mexico. ONLY one of the following will be accepted as proof of residency. (1) copy of voters registration, (2) latest copy of New Mexico state income tax return, (3) two notarized statements from individuals who will verify veterans residency.

*Surviving spouses must also include a copy of the death certificate along with the above listed information.

Every veteran who is entitled to a veteran exemption and who does not have sufficient real or personal property to claim the full $4,000.00 exemption may be eligible to claim a reduction in motor vehicle registration fees.