NM · Flat dollar exemption
New Mexico homestead exemption
Yes.
- Main exemption
- $2,000 off assessed valueResidential property owned by a New Mexico head of family
- Filing deadline
- 30 days after the Notice of Value is mailed
- Own and live there by
- Not in our data
- Renewal
- Renews automatically
- Where to file
- County assessor
Yes. New Mexico's head of family exemption cuts $2,000 from the taxable value of a resident's home, which Santa Fe County says saves about $32 to $49 a year. Apply with your county assessor within 30 days after the Notice of Value is mailed, usually around April 1.
Last verified · Sources
How much the New Mexico exemption is worth
$2,000 off taxable value
$2,000 off assessed value · applies to residential property owned by a new mexico head of family · source
Who qualifies
- A New Mexico resident who is married (only one spouse per household), widowed, single (only one person per household), or a head of household paying over half the support of a related person.
- A condominium association member who pays property tax through the association.
- The exemption can be claimed only once a year and in only one county.
Deadline and renewal
Apply with the county assessor no later than 30 days after the Notice of Value is mailed. Notices typically go out on or around April 1.
Once approved, you do not reapply in later years unless ownership changes. Report any change in eligibility to the assessor.
Extra breaks for seniors, veterans and disabled owners
| Who | Program | Amount | Details |
|---|---|---|---|
| Seniors | Valuation freeze (65+) | See details | Owners 65 or older with prior-year gross household income of $44,200 or less can freeze the taxable value of their home. After three straight approved years, it applies automatically until eligibility changes. Source |
| Veterans | Veterans exemption | Not in our data | A reduction in taxable value for honorably discharged veterans with a Certificate of Eligibility from the Department of Veterans Services (NMSA 7-37-5). Santa Fe County's flier lists $10,000; confirm the current amount with your assessor. Source |
| Veterans | Disabled veteran exemption | 100% of value | A 100% exemption from property tax on the veteran's primary residence, up to 5 acres of land (NMSA 7-37-5.1). Source |
| Disabled owners | Valuation freeze (disabled) | See details | Disabled owners of any age with prior-year gross household income of $44,200 or less get the same valuation freeze. Proof of income is required. Source |
| Surviving spouses | Unmarried surviving spouse of a veteran | Not in our data | The veterans and disabled veteran exemptions may also be claimed by the veteran's unmarried surviving spouse. Source |
Law: NMSA 1978 §7-37-4
New Mexico county guides
Local offices, online filing links and local amounts for 1 county, largest first.
Frequently asked questions
How much does the head of family exemption save?
It removes $2,000 from taxable value. Santa Fe County estimates the savings at $32 to $49 a year.
Do I have to reapply every year?
No, unless ownership changes. The valuation freeze needs yearly applications until it has been approved three years in a row.
When is the deadline?
30 days after your county mails the Notice of Value, usually around April 1.
Sources
- Exemptions · Santa Fe County Assessor
- Head of Family Exemption flier · Santa Fe County Assessor
- 2026 Valuation Freeze flier · Santa Fe County Assessor
- Veteran and Disabled Veteran Exemption flier · Santa Fe County Assessor
Last verified
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