Louisiana HB217 allows parishes to offer property tax exemptions for rehabilitated blighted or derelict properties.
HB217 authorizes Louisiana parishes to implement an optional property tax exemption for rehabilitated blighted or derelict properties. If a parish chooses to implement the exemption, it must establish a process for property owners to apply, set rehabilitation standards, define approval criteria, and outline conditions for revocation. For residential properties, up to 75% of the assessed value can be exempted for up to 20 years, while unimproved land can receive up to 25% exemption for up to 10 years.
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