HB340

Louisiana HB340 changes the frequency of property reappraisals for ad valorem tax purposes from every four years to every five years.

Louisiana HB340 amends the state's Revised Statutes to modify the frequency of property reappraisals for ad valorem tax purposes. Currently, real property must be reappraised at least once every four years. The bill changes this interval to every five years. This change applies to tax years beginning on or after January 1, 2027, contingent on the approval of a constitutional amendment. The amendment must be adopted at a statewide election and become effective for the bill to take effect.