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Disabled Veteran Exemption — Proportional From Tax Year 2026

At 100% the principal residence is exempt in full. The proportional tier — every rating from 10% up taking a share rather than nothing — was authorised by the 2024 constitutional amendments and implemented by HB 47 in 2025, and it applies from TAX YEAR 2026. The standard $10,000 exemption runs from 2025.

Verified August 27, 2026

What this benefit is

At 100% the principal residence is exempt in full. The proportional tier — every rating from 10% up taking a share rather than nothing — was authorised by the 2024 constitutional amendments and implemented by HB 47 in 2025, and it applies from TAX YEAR 2026. The standard $10,000 exemption runs from 2025.

What it's worth: The principal residence, exempt in full at 100% — proportional shares below

  • Community or joint property with a spouse qualifies alongside sole ownership.
  • HB 47 (2025), signed 20 March 2025, implements the 2024 constitutional amendments.
  • The proportional exemption matching the federal disability rating applies starting TAX YEAR 2026. It is not available for earlier years.
  • The standard $10,000 exemption applies from 2025.
  • The 2024 date attaches to the constitutional amendment, not to the year a veteran can first claim a proportional share.

Who is entitled to it

  • You are rated 100% — the principal residence is exempt in full.
  • You occupy the property as your principal residence.
  • Your home is in New Mexico.

Not sure whether that describes you?

Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.

How to claim it

  1. 1Get the DVS certificate showing the rating, then file with the county assessor.
  2. 2If you are rated below 100%, apply anyway — the 2024 amendment opened a proportional exemption to every rating from 10% up, and assessors are still implementing it.
  3. 3An unmarried surviving spouse continues the exemption on the same residence.
Form
DVS certificate of eligibility
File with
The Department of Veterans Services, then your county assessor
Documents you will need
va benefit summary letter
No renewal
Once granted it does not need renewing.
CorrectionThis record was titled 'Proportional Since 2024', which named the year of the constitutional amendment rather than the year the tier takes effect. The proportional exemption starts with tax year 2026.

Sources

Why only one source type: The Department of Veterans Services' page and application materials state the full exemption and the new proportional tier. The implementing statute hosts were not readable.

This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.