There are 141,558 veterans living in New Mexico, of which 26.3% or 37,230 have a service-connected disability. This total includes veterans with 10% to 100% disability. Current statute provides a 100% exemption on property tax to all veterans with a 100% disability rating, or to their surviving widows or widowers who occupy the property. HJR 5 proposes to extend a partial tax exemption to the less-than-100% disabled veterans, and their widows or widowers.
The amount of the exemption shall be in a percentage equal to the percentage of the veteran’s federal (VA) disability rating.
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