Proportional Disabled Veteran Property Tax Exemption
Property tax reduction proportional to VA disability percentage for all disabled veterans. Effective 2026.
State BenefitNew MexicoTax Benefits
Verified September 30, 2026 against dvs.nm.gov
At a glance
- Benefit type
- Tax Benefits — New Mexico
- Who it's for
- Veterans
- VA rating needed
- No rating requirement
- Estimated value
- Proportional to disability rating; potentially thousands/year
- Where it applies
- New Mexico
- Last verified
- September 30, 2026
What is Proportional Disabled Veteran Property Tax Exemption?
Proportional Disabled Veteran Property Tax Exemption is a New Mexico tax benefits benefit for veterans. Property tax reduction proportional to VA disability percentage for all disabled veterans. Effective 2026. The listed value is Proportional to disability rating; potentially thousands/year.
Who qualifies
- Veterans
- Available to any veteran
- Honorable discharge required
- New Mexico residency
Who is eligible
Eligibility
Any VA service-connected disability rating (does not need to be 100%); honorable discharge; NM resident; principal residence.
What Proportional Disabled Veteran Property Tax Exemption covers
Covers
Property tax reduction proportional to VA disability percentage. Example: a 70% rating yields a 70% reduction in property taxes. Effective tax year 2026 per Constitutional Amendment 1 (2024) and enabling legislation HB 47 (2025 session).
How to apply for Proportional Disabled Veteran Property Tax Exemption
How to apply
Same NM DVS process. Requires VA award letter, DD-214, proof of residency.
Verified information & sources
- Last verified
- September 30, 2026
- Official source
- dvs.nm.gov
Compiled and fact-checked against the official source linked above. Benefit rules and dollar amounts change over time — always confirm current details at the official source before applying. A county Veterans Service Officer (VSO) is a free, accredited advocate who can review your eligibility and help you file at no cost.
How VetUnlock verifies benefitsFrequently asked questions about Proportional Disabled Veteran Property Tax Exemption
Who qualifies for Proportional Disabled Veteran Property Tax Exemption?
Proportional Disabled Veteran Property Tax Exemption is for Veterans; available to any veteran; new mexico residency. See the eligibility details on this page and confirm with the official source before applying.
How much is Proportional Disabled Veteran Property Tax Exemption worth?
The listed value is Proportional to disability rating; potentially thousands/year. Amounts can change — confirm the current figure at the official source linked on this page.
How do I apply for Proportional Disabled Veteran Property Tax Exemption?
Apply through the official source linked on this page. A county Veterans Service Officer (VSO) can review your eligibility and help you file at no cost.
Where can I verify Proportional Disabled Veteran Property Tax Exemption?
Benefit rules and dollar amounts change, so always confirm current details at the official source linked on this page. A free, accredited county or state Veterans Service Officer (VSO) can also verify your eligibility and help you apply.
Other New Mexico Tax Benefits
- Veteran Property Tax Exemption$100-$200/year$10,000 reduction from taxable property value for all honorably discharged veterans.
- Military Retirement Pay Income Tax ExemptionApproximately $1,500-$1,800/yearFirst $30,000 of military retirement pay exempt from NM state income tax.
- Military Disability Retirement Pay ExclusionMilitary disability retirement pay is excluded from NM state taxable income.
- 100% Disabled Veteran Property Tax Exemption$2,000-$4,000+/year on a $250,000 homeComplete exemption from all property taxes on primary residence for 100% service-connected disabled veterans.