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New Mexico Program Eligibility

Property Tax-Aide features two widely available property tax relief programs for older residents. The first is the Property Tax Rebate for Elderly (Circuit Breaker) and the other is Assessment Limitation for Low-income Disabled or Elderly Homeowners.

The information on this page is updated as new information becomes available by the relevant tax agencies.

Property Tax Rebate For Persons 65 or Older

This is a rebate that New Mexico offers for property tax billed or rent paid during the tax year on your principal place of residence in New Mexico. The credit cannot exceed $250 or $125 for married filers filing separately.
A separate rebate is available for low-income homeowners of Los Alamos and Santa Fe County. Rebate may not exceed $350 or, for a married taxpayer filing a separate return, $175. You do not need to be 65 or older to be eligible for this rebate. If you are a Los Alamos or Santa Fe County resident who is age 65 or older on the last day of the tax year, you may be eligible for this rebate AND the property tax rebate for persons 65 or older.

Application Deadline

  • April 15, 2024 for mail-in returns
  • April 30, 2024 (only for e-returns)

Assessment Limitation for Low-income Disabled or Elderly Homeowners (Value Freeze)

The benefit is an assessment freeze of the homeowner’s assessed value for the tax year when the owner first becomes eligible and is in place as long as the owner remains eligible.

Application Deadline

  • Qualifying applicants must file within 30 days of the date the assessor mails the notice of valuation.
  • Applicants must apply annually with the local county assessor where the property is located.
  • An owner who has claimed and been allowed the limitation of value for the three previous consecutive tax years need not claim the limitation for subsequent tax years if there is no change in eligibility.

Property Tax-Aide has independently selected the property tax relief programs featured on this website that we think are the most relevant and beneficial to older adults. It is not an exhaustive list of all property tax relief programs available in each state. Please consult your local tax agency for a comprehensive listing of property tax relief programs in your area.

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