Over the years I have seen many people that are not taking their appropriate or allowable property tax exemptions. Most people just don't know that they are eligible or they don't know how to apply the exemption. It only takes a few minutes to fill out the forms and fax them over to start saving money on your property taxes! I am happy to get the forms form you and help you fill them out! Just ask :)

As a general rule of thumb property taxes are 4%(mil rate) of 1/3 of the value of your property. eg. IF your property is worth $210,000, 1/3 of that would be $70,000 (this would be your taxable value), 4% of $70,000 is $2,800. Your taxes would be roughly $2,800 per year.

Exemptions are as follow:

Head of a Family-$2,000

Veterans-$4,000

Disabled Veterans- NO property taxes due

The following must be met to obtain the exemption:

"Head of a family" means an individual New Mexico resident who is either:

(1) a married person, but only one spouse in a household may qualify as a

head of a family;

(2) a widow or a widower;

(3) a head of a household furnishing more than one-half the cost of

support of any related person;

(4) a single person, but only one person in a household my qualify as a

head of family; or

(5) a member of a condominium association or like entity who pays

property tax through the association.

Veterans Exemption-You are eligible for benefits if you have been honorably separated from military service of the United States and served continuously for a period of 90 or more days. If discharged with less than 90 days service, such discharge must have been as a result of service- incurred disability.

Disabled Veterans- You are eligible for benefits if you have been honorably separated from the United States Armed forces and have been granted 100% service connected disabled status by the United States Department of Veterans Affairs,

you are a legal and established resident of New Mexico. ***Your exemption is forfeited upon becoming a resident of another state.