Council extends Low-Income Property Tax Rebate Program

Published on February 07, 2025

Photo of a toy house sitting next to a calculator and stacked coins

The Los Alamos County Council adopted an ordinance last month, to extend the Low-Income Taxpayer Property Tax Rebate Program for the next four taxable years (2025–2028). Authorized under Section 7-2-14.3 of the New Mexico Statutes, the program provides eligible low-income property owners in participating communities with a rebate on their New Mexico Personal Income Tax, offsetting a percentage of their property tax payment, not to exceed $350.

Los Alamos County has participated in this program since 2001, renewing its authorization every four years. The adopted ordinance from 2021 expires after the 2024 tax year, with the new ordinance beginning in the 2025 tax year. Eligible taxpayers can still claim the rebate when filing their 2024 personal income tax returns.

To qualify for the rebate, taxpayers must meet income thresholds set by the State of New Mexico. The rebate percentage is determined based on the following adjusted gross income brackets:

Low-Income Property Tax Rebate
Taxpayer’s Modified Gross Income		Property Tax Rebate
Over	But Not Over
$0	$8,000	75% of property tax
$8,000	$10,000	70% of property tax
$10,000	$12,000	65% of property tax
$12,00	$14,000	60% of property tax
$14,000	$16,000	55% of property tax
$16,000	$18,000	50% of property tax

Each year, Los Alamos County reimburses the New Mexico Taxation and Revenue Department for the total amount of rebates awarded to eligible county residents. Last year this program reduced tax payments by $12,573 dollars for 39 taxpayers.

For more information on eligibility and how to apply, taxpayers are encouraged to visit the New Mexico Taxation and Revenue Department website or consult with a tax professional.