SIMPLE. FAST. ACCURATE
Support Center > Knowledge base> Article: New Mexico Property Tax Rebate for Persons 65 or Older

New Mexico Property Tax Rebate for Persons 65 or Older

Article ID: 60041 Email Print
Question
New Mexico Property Tax Rebate for Persons 65 or Older

Answer

New Mexico Property Tax Rebate

The property tax rebate may not exceed $250 ($125 for a married taxpayer filing a separate return).
There is no property tax rebate available for property that is not already subject to property tax.

To qualify for a rebate a claimant must:
- have a modified gross income of $16,000 or less;
- be age 65 or older on the last day of the tax year;
- be a resident of New Mexico during the tax year;
- be physically present in New Mexico for at least six months during the tax year;
- be neither eligible to be claimed nor actually claimed as a dependent of another taxpayer for the tax year; and
- not be an inmate of a public institution for more than six months during the tax year.

The rebate is for property tax billed or for rent paid during the current tax year on the rebate claimants principal place of residence in New Mexico.

 


related articles

Article Details
Views: 1284 Created on: Jun 15, 2013
Date updated: Jan 07, 2019
Posted in: States, New Mexico

Poor Outstanding