How is the Veterans Exemption Status determined and how does it affect property taxes?
A. The New Mexico Veterans’ Service Commission determines all eligibility and issues Certificates of Eligibility to all qualifying veterans. For more information, call the Veterans’ Service Commission in Santa Fe for details on expanded eligibility by the legislature for veterans (505-827-6300). The Certificate of Eligibility (original only) may be used to claim the New Mexico Property Tax Exemption which is now $4,000 per year. Once the exemption is claimed, it is retained on property tax records for subsequent years without reapplication. A veteran, with a green-colored “New Mexico Veterans’ Service Commission Tax Exemption Certificate of Eligibility”, should apply with the Assessor’s Office between January 1 and the last day of February for the exemption.
A. The New Mexico Veterans’ Service Commission determines all eligibility and issues Certificates of Eligibility to all qualifying veterans. For more information, call the Veterans’ Service Commission for details on expanded eligibility by the legislature for veterans (505-346-3986). The Certificate of Eligibility (original only) may be used to claim the New Mexico Property Tax Exemption which is now $4,000 per year. Once the exemption is claimed, it is retained on property tax records for subsequent years without reapplication. A veteran, with a green-colored “New Mexico Veterans’ Service Commission Tax Exemption Certificate of Eligibility”, should apply with the Assessor’s Office between January 1 and the last day of February for the exemption.
