Bernalillo County Assessor Damian Lara said two proposals would increase property tax relief for veterans, raising the standard exemption from $4,000 to $10,000 and offering a separate discount based on service‑connected disability.
Lara said the changes would provide "meaningful financial support for our vets and their families," and described the measures as "big changes in veterans exemptions." He identified the two measures in summary form: "1 raises the standard exemption from $4,000 to $10,000 while the other gives vets a discount based on their service connected disability."
The announcement was brief and did not include statutory citations, effective dates, the mechanics of the disability discount, or whether the measures are pending before the county commission, a state body, or voters. Lara closed by thanking New Mexico residents and directing listeners to the county web page: "Find out more at burnco.gov/assessor."
Details such as the legal authority for the exemptions, whether the proposals are ballot measures or administrative changes, and timelines for implementation were not specified in the remarks.