Veteran Exemption — Now $10,000
Every qualifying veteran takes $10,000 off taxable value — up from $4,000 after the 2024 amendment, and inflation-indexed from 2026.
Verified August 19, 2026
What this benefit is
Every qualifying veteran takes $10,000 off taxable value — up from $4,000 after the 2024 amendment, and inflation-indexed from 2026.
What it's worth: $10,000 of taxable value, inflation-indexed from 2026
- Applied from the 2025 notice of value; earlier years used the old $4,000 figure.
Who is entitled to it
- You are the veteran, or the unmarried surviving spouse of one.
- Your discharge qualifies.
- 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
- 1Get the certificate of eligibility from the Department of Veterans Services first — the assessor works from the certificate, not the DD214.
- 2File it with your county assessor within 30 days of the notice of value.
- 3If the exemption on your notice still says $4,000, query it — the amount doubled-plus from the 2025 tax year.
- Form
- DVS certificate of eligibility
- File with
- The Department of Veterans Services, then your county assessor
- Documents you will need
- dd214
- No renewal
- Once granted it does not need renewing.
Sources
- authority · published policyNew Mexico Department of Veterans Services — State Benefits (N.M. Const. art. VIII, §5)
Why only one source type: The Department of Veterans Services administers the certificate and its page states the exemption and the process. The statute hosts for NMSA §7-37-5 were not readable.
This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.