New Mexico Property Tax Exemption for Veterans & Seniors

Lea County Assessor / State of New Mexico

Available Property Tax Relief

About This Program

New Mexico Property Tax Exemption for Veterans & Seniors is available to homeowners in Hobbs, NM.

New Mexico offers property tax exemptions for qualifying veterans with service-connected disabilities and heads-of-household age 65+ with limited income. Veterans may receive up to $4,000 in valuation exemption; low-income seniors may receive up to $8,000 exemption, reducing annual property taxes.

Exemption reduces taxable home value, lowering annual property tax bill

Official program page checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Hobbs, NM, you can combine this program with other local help to cut your cost:

Key Details

  • Up to $4,000 exemption for qualifying disabled veterans
  • Up to $8,000 exemption for low-income seniors 65+
  • Must apply annually by end of February
  • Apply through Lea County Assessor's Office
  • Reduces taxable home value and annual tax bill

How to Apply

Get free help applying Visit Official Program Page Track this program

(575) 396-8621

A grant-savvy contractor in Hobbs, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Your federal tax return for the year of the work (this benefit is claimed on your taxes, not through a separate application).
  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • Proof of military service (DD-214) and, for disability-based grants, your VA disability rating letter.
  • Proof of age (driver's license or birth certificate) if the program is age-based.
  • Documentation of disability (award letter or a physician's statement) if the program is disability-based.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Apply by last day of February annually

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can New Mexico Property Tax Exemption for Veterans & Seniors provide in Hobbs, NM?

Varies: up to $4,000 or $8,000 valuation exemption.

Who qualifies for New Mexico Property Tax Exemption for Veterans & Seniors in Hobbs?

New Mexico Property Tax Exemption for Veterans & Seniors is open to homeowners in Hobbs, NM. It serves seniors. It serves veterans and military families.

How do I apply for New Mexico Property Tax Exemption for Veterans & Seniors in Hobbs, NM?

Apply directly with Lea County Assessor / State of New Mexico using the official program link on this page or call (575) 396-8621. There is no middleman and no fee. Deadline: Apply by last day of February annually.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Hobbs, NM contractors

Find More Programs in Hobbs, NM

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs