SANTA FE — More than 7,000 additional veterans have benefited from expanded property tax exemptions so far in 2026.
From March through June, 7,096 partially disabled veterans received property tax exemptions, due to a Constitutional amendment and the implementation of legislation signed by Gov. Michelle Lujan Grisham in 2025 and 2026. These laws allow partially disabled veterans to receive prorated property tax exemptions based on service-connected disability rating, effective 2026. Previously, only 100% disabled veterans qualified for a full exemption.
This is the first year all disabled veterans are eligible to claim a prorated tax exemption on their primary residence.
In addition to expanding eligibility for the disabled veterans' exemption, the standard property tax exemption for all veterans who own property increased from $4,000 to $10,000, adjusted annually for inflation, as authorized by the Constitutional amendment and legislation. The increased exemption saved 65,720 veterans an estimated $19 million in 2025, an increase of $11 million from 2024.
"New Mexico has set the standard for supporting disabled veterans. While other states use tiered systems, New Mexico offers the nation's only directly proportional property tax exemption tied to a veteran's federal disability rating between 10% to 100%," said Jamison Herrera, cabinet secretary of the New Mexico Department of Veterans' Services. "This benefit helps ease the cost of homeownership and provides greater financial stability for veterans and their families across our state.
"Nearly one‑third of New Mexico's veterans live with a disability, and the disabled veteran property tax exemption strengths financial security for those who have served our nation," saidStephanie Schardin Clarke, cabinet secretary of the New Mexico Department of Taxation and Revenue.
Veterans seeking the standard or disabled veteran property tax exemption should contact NMDVS to obtain a certificate of eligibility. Once issued, veterans can file the certificate with their local county assessor to have the exemption applied to their property.
For veteran property tax exemption assistance and additional information, contact NMDVS at 1-866-433-8387, email
For reference: House Bill 47 (2025) and House Bill 285 (2026)
