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HB 285·NM·house

DISABLED VETERAN PROPERTY TAX CHANGES

Signed into LawFiled Feb 2, 2026
Sponsor: De La Cruz, Art
Latest Action

Signed

Feb 25, 2026

Summary

The bill lets disabled veterans (and their spouses) reduce their property taxes by a percentage equal to the veteran’s federally‑determined disability rating, as long as the home is their primary residence. It also clarifies how the exemption is claimed, transferred, and applied when multiple owners are involved, and it adds procedural rules for protests and verification.

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