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.
§ 42-10-10 NMSA 1978
Exemption in lieu of homestead
Applied in 1 court decision — leading case Aacen v. San Juan County Sheriff's Department (1991)
Most recently applied in Aacen v. San Juan County Sheriff's Department (September 1991)
1953 Comp., § 24-6-2, enacted by Laws 1971, ch. 215, § 7; 1978 Comp., § 42-10-10; 1979, ch. 9, § 2; 1979, ch. 182, § 4; 2007, ch. 95, § 2; 2023, ch. 104, § 8.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.