Legislature: Increased Property Exemption For Veterans Passes House


An increased property tax exemption for veterans in New Mexico passed the House of Representatives Monday, and will now move to the Senate. As a Constitutional Amendment, the measure would go to the voters after passing both chambers of the Legislature.

Sponsored by Rep. Eliseo Alcon (D-Milan), House Joint Resolution 3 increases the property tax exemption for honorably discharged members of the armed forces and their widows and widowers from $4,000 to $10,000.

“Our veterans put their lives on the line to protect all of us and our freedoms. As legislators, it is incumbent on us to ensure that our veterans receive the support they have earned when they begin their post-military lives. Providing an increased exemption on their property taxes is one important way to show our appreciation and help decrease their financial burdens,” said Rep. Alcon. “House Joint Resolution 3 demonstrates New Mexico’s continued commitment to supporting its veterans and their spouses.” 

Members of the public can track legislation on the New Mexico Legislature website, access committee meetings and House floor sessions via the Webcasts tab, or participate by Zoom to provide public comment on committee hearings. During the 2021 Legislative Session, the House of Representatives is focused on passing critical legislation while protecting the health and safety of the public, the staff, and the legislators.