Who is eligible for the head of family exemption and how is it applied?
A. The state statute reads: “As used in this section, Head of Family means an individual New Mexico resident who is either (1) married; (2) widow or widower; (3) head of household furnishing more than one-half the cost of support of any related person; or (4) a single person.” Those eligible for this exemption must apply for it only once to receive it in subsequent years. Only one Head of Family exemption per household is permitted, and it can only be applied to one property in the State of New Mexico. The Head of Family exemption is $2,000, beginning 1993 and thereafter.
A. The state statute on this reads: As used in this section, Head of the Family means an individual New Mexico resident who is either (1) Married; (2) Widow or Widower; (3) Head of Household furnishing more than one-half the cost of support of any related person; or (4) a single person . Those eligible for this exemption must apply for it only once to receive it in subsequent years. Only one family exemption per household is permitted, and it must be the property in which the owner resides in the State of New Mexico. The Head of Family exemption for 1988 was $200. In 1989 and 1990, the amount was $800; and in 1991 and 1992 it was $1,400. In 1993 it capped at $2,000. Veteran If property changes ownership during the time of exemption, the exemption will be removed and the new owner must apply by the last day of February of the next tax year (7-38-17 NMSA 1978.
The state statute on this reads: As used in this section, Head of the Family means an individual New Mexico resident who is either married; widow or widower; Head of Household furnishing more than one half the cost of support of any related person; or a single person. Those eligible for this exemption must apply for it only once to receive it in subsequent years. Only one family exemption per household is permitted, and it must be the property in which the owner resides in the state of New Mexico. The Head of Household exemption is currently capped at $2,000. Veteran Exemption: If property changes ownership after January 1st, the exemption will be removed on January 1st of the following year and the new owner must apply by the last day of the 30-Day Protest Period in order to qualify for that tax year (7-38-17 NMSA 1978).
