New Mexico's Constitutional Amendment 5 is a legislatively-referred constitutional amendment that proposes to amend Section 15 of Article 8 to make two changes to an existing provision for a property tax exemption for certain veterans. Currently, this section provides an exemption from property tax for the principal place of residence of a veteran determined to have a permanent and total service-connected disability if the residence has been specially adapted to the veteran's disability using a federal grant for specially adapted housing. The amendment removes the requirement that the property must have been specially adapted for the veteran's disability. It also further defines an eligible disability, adding a requirement that it be a "one hundred percent" permanent and total service-connected disability.
The measure passed with yes votes of 73.0% in 2002.