Property Taxes

There are four property tax savings programs for individuals. These programs are generally consistent across counties, however different counties may require different forms. The links below are for Bernalillo County. Use the links to the right for Sandoval, Valencia and Santa Fe County forms.

Head of Household Exemption
Veterans Exemption
Disabled Veterans Exemption
Low Income Value Freeze for Seniors and Disabled Residents

Before you apply for any exemptions be sure to review your current tax bill. You may already have exemptions in place in which case you do not need to reapply. The only tax savings program that requires ongoing application is the value freeze program.

Head of Household Exemption
Effectively available to everyone, this exemption reduces your taxable value by $2,000 for an average savings of $85. You can only claim this exemption on one property. To add this exemption to your property, complete this form and return the completed form. New exemptions will be reflected on your 2016 notice of value and property tax bill.

Veterans Exemption
Veterans and their surviving spouse are eligible for an exemption that reduces your taxable value by $4,000 for an average savings of $170. To add this exemption to your property, complete this form and return the completed form. New exemptions will be reflected on your 2016 notice of value and property tax bill.

Qualifications:

  1. Veteran must provide a copy of DD 214 or equivalent Department of Defense document showing dates of service (both date and place of entry as well as date and place of separation).
  2. Service must have been honorable.
  3. Veteran must have served on active duty continuously for a period of 90 days. If discharged with less than 90 days of service, such discharge must have been as a result of service incurred disability.
  4. Veteran must establish residency in New Mexico. ONLY one of the following will be accepted as proof of residency. (1) copy of voters registration, (2) latest copy of New Mexico state income tax return, (3) two notarized statements from individuals who will verify veterans residency.

    *Surviving spouses must also include a copy of the death certificate along with the above listed information.

Disabled Veterans Exemption
Veterans and their surviving spouse are eligible for an exemption that reduces your taxable value to $0 — effectively eliminating your property tax bill. To add this exemption to your property, complete this form and return the completed form. New exemptions will be reflected on your 2016 notice of value and property tax bill.

Qualifications:

  1. Veteran must have been honorable.
  2. Veteran must be granted 100% service connected disabled status by the US Dept. of Veterans Affairs.
  3. Veteran must establish residency in New Mexico and provide proof of residency.
  4. Veteran must complete the application.
  5. Veteran must provide a copy of the DD214 or equivalent Dept. of Defense document.
  6. Veteran must provide a copy of the official Award Letter from the Veterans Affairs Regional Office.

    *Surviving spouses must also include a copy of the death certificate along with the above listed information.

Low Income Value Freeze for Seniors and Disabled Residents
Designed for seniors (65 and older) and disabled residents with a modified gross income of $32,000 or less, the program freezes values at their current amount. Property taxes must still be paid, and may fluctuate based on the mill levy rate, but the valuation for the property will not increase which will in turn keep the property tax bill stable over time. To add this exemption to your property, complete this form and return the completed form. New exemptions will be reflected on your 2016 notice of value and property tax bill.