New Mexico Exemptions Summary:
Homestead
$150,000 (joint owners may double)
Vehicle Exemption
Motor vehicle to $10,000
Personal Property
Household goods and furnishings to $75,000
Limits:
Firearms (2)
Musical Instruments ($4,000 limit)
Toys, games, sports, craft and hobby equipment ($2500 limit)
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Jewelry to $5,000
Materials, tools & machinery to dig, drill, complete, operate, or repair oil line, gas well, or pipeline
Tools of trade $15,000
Wild Card
$15,000 of any personal property.
$15,000 of exemption in lieu of homestead