New Mexico 2026 Regular Session

New Mexico House Bill HB285

Introduced
2/2/26  
Refer
2/3/26  
Report Pass
2/6/26  
Report Pass
2/11/26  
Engrossed
2/12/26  
Report Pass
2/15/26  
Enrolled
2/18/26  
Chaptered
2/25/26  

Caption

DISABLED VETERAN PROPERTY TAX CHANGES

Summary

HB 285 revises New Mexico’s disabled veteran property tax exemption. The bill clarifies who qualifies as a “disabled veteran,” confirms that the exemption can apply to joint or community property and to certain grantor trust-held property, and preserves the exemption for a surviving spouse who continues to occupy the home as a principal residence. It also adds a rule for situations where a disabled veteran moves: the exemption may either remain on the old residence for the rest of the tax year or be transferred to a new principal residence, even if the claim was not filed within the usual 30-day window after the county assessor’s notice of valuation. The bill also addresses properties with multiple qualifying disabled veteran owners by directing assessors to use the highest disability percentage among eligible owners. In addition, it requires the veterans’ services department to assist the taxation department and county assessors in determining eligibility, and it creates a process for claimants to protest a pending or denied exemption. The bill amends the Property Tax Code’s exemption-claiming and protest provisions to spell out documentation requirements, timing rules, and verification procedures, including a path for veterans whose federal disability claim is still pending. HB 285’s impact is primarily on the administration of property tax exemptions rather than on tax rates or broad tax policy. It changes Sections 7-37-5.1, 7-38-17, 7-38-21, and 7-38-24 of the New Mexico Statutes Annotated, affecting county assessors, the Taxation and Revenue Department, and the Veterans’ Services Department. It also adds enforcement provisions for improper claims and keeps the misdemeanor penalty for intentional misuse of the exemption or for assessor misconduct. The bill was described in committee as having no fiscal impact on state revenues. The general sentiment around the bill appears strongly supportive and noncontroversial. It passed the House 66-0 and the Senate 39-0, and the available committee note indicates no expected fiscal impact. The unanimous votes suggest broad agreement that the bill was a technical and administrative cleanup measure intended to make the disabled veteran exemption easier to claim and administer. The main points of contention, to the extent any are evident, involve administrative timing and proof-of-eligibility requirements rather than the policy itself. The bill relaxes some filing constraints for disabled veterans who move or whose federal disability claims are still pending, while also preserving assessor oversight and anti-fraud rules. Any tension in the measure is between simplifying access for veterans and maintaining verification procedures for county assessors and the state.

Impact

HB 285 amends New Mexico property tax law to expand and clarify the disabled veteran exemption process, including eligibility, occupancy, transferability, surviving-spouse treatment, multi-owner calculations, and protest procedures. It affects county assessors’ administration of exemptions and requires coordination with the Veterans’ Services Department, while also preserving penalties for improper claims and assessor misconduct.

Sentiment

The bill appears to have been received very positively. It passed both chambers unanimously, and the committee discussion noted that it was expected to have no fiscal impact on state revenues. The voting record suggests broad bipartisan support and little opposition to the bill’s purpose or approach.

Contention

There is little visible controversy in the record. The only substantive issues reflected in the bill are administrative: how to document eligibility, how to handle pending federal disability claims, how to treat a move to a new residence, and how to verify claims without allowing duplicate or improper exemptions. These concerns are aimed at balancing veteran access with assessor oversight rather than opposing the exemption itself.

Companion Bills

No companion bills found.

Previously Filed As

NM HB47

Veteran Property Tax Exemptions

NM SB192

Veteran Property Tax Exemptions

NM HB342

Property Tax Changes

NM HB494

Tax Exemptions For Veterans

NM HB161

State Park Day Passes For Veterans

NM HJR20

First Responder Property Tax Exemption, Ca

NM SJR10

Emergency Responders Property Tax Exemption

NM HB377

Residential Property Valuation Changes

NM SB559

Tax Changes

NM HB218

Tax Changes

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