HB514

Louisiana HB514 proposes a constitutional amendment to allow additional property tax exemptions for residents aged 65 and older.

HB514 proposes a constitutional amendment to authorize an additional ad valorem tax exemption for property owners aged 65 and older. The exemption amount varies based on age, ranging from $6,000 for those aged 65-68 to $30,000 for those 81 and older. The amendment also extends eligibility to surviving spouses and properties in trust. The exemption is subject to local approval and does not trigger reappraisal or millage adjustments. Effective January 1, 2028, the amendment will be submitted to voters in the November 3, 2026, election.