HB412

Louisiana HB412 proposes a constitutional amendment to change property tax rules for homeowners.

HB412 proposes a constitutional amendment to change the rules for property tax assessments and reappraisals in Louisiana. It would extend the reappraisal period from four to five years, limit the annual increase in the assessed value of homesteads to the inflation rate, and exempt from property taxes those homesteads where the owner has held the exemption and paid all taxes due for thirty or more years. The amendment would take effect January 1, 2027, and be voted on by Louisiana's electors in the November 3, 2026, statewide election.