NM 50% Tax Credits for Your Home

Nob Hill is made up of 6 residential additions, four of which are listed as the Monte Vista and College View Historic District  ,1925 Granada Heights, and 1945 Broadmoor Addition.

New Mexico offers state income tax credits in the amount of 50% of the cost of approved work to owners of historic structures who accomplish rehabilitation of qualifying properties.

Property must be individually listed or contributing to a historic district listed in the NM Register of Cultural Properties. The property may be a personal residence or income-producing property such as an apartment building, office, or business.

In the Monte Vista and College View Historic District 702 of the 859 houses and other structures are contributing. Percentages are similar in Granada Heights and Broadmoor Addition. Contributing houses qualify to display a plaque like this one.

Over 100 owners in Nob Hill have used the NM Tax Credit Program. Approved projects have included new roofing, modernizing electrical and plumbing systems, refinishing wood floors, replacing water and sewer yardlines to and into the street, and replacing heating and cooling systems. Don’t forget to include a NM Register plaque!

Work must be approved before it is performed! Call Matt Saionz of the NM Historic Preservation Division, 505-827-4040 or email him at matt.saionz@dca.nm.gov

The remaining 2 residential additions in Nob Hill  1916 University Heights and 1931 Mesa Grande Addition are eligible for listing.

Contact theBoard@NobHill-NM.com for information.

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