N.M. Stat. § 42-10-10

Current through 2024, ch. 69

Section 42-10-10 - Exemption in lieu of homestead

Any resident of this state who does not own a homestead shall in addition to other exemptions hold exempt real or personal property in the amount of fifteen thousand dollars ($15,000) in lieu of the homestead exemption.

NMS § 42-10-10

1953 Comp., § 24-6-2, enacted by Laws 1971, ch. 215, § 7; 1979, ch. 9, § 2; 1979, ch. 182, § 4; 2007, ch. 95, § 2.

Amended by 2023, c. 104,s. 8, eff. 7/1/2023.