Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Assessed value remains fixed at the value of property the 1st year that the owner qualifies for and receives the special assessment level.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Characteristics of Eligible Property
Eligible property includes the bona fide homestead, consisting of one or more tracts of land, not exceeding 160 acres, owned and occupied by any person or persons owning the property. The same homestead exemption shall also fully apply to the primary residence, including a mobile home.
Description of Eligibility Criteria
To be eligible for special assessment, residential property must be receiving the homestead exemption. Eligibility is limited to (1) people who are 65 years of age or older; (2) people who have a service-connected disability rating of 50% or more by the United States Department of Veterans Affairs; (3) members of the armed forces of the United States or the Louisiana National Guard who owned and last occupied such property who are killed in action, or who are missing in action or are a prisoner of war for a period exceeding 90 days; or (4) any person or persons permanently totally disabled as determined by a final non-appealable judgment of a court or as certified by a state or federal administrative agency charged with the responsibility for making determinations regarding disability. Surviving spouses may qualify for special assessment if they remain owner of the property. Surviving spouses of those who qualified as being person 65 or older must be 55 or older or have minor children. For those who had service-connected disabilities, the surviving spouse must be 45 or older. A person or persons' 2018 federal adjusted gross income must not exceed $75,594.07 for application for tax year 2019. A person or persons' 2017 federal adjusted gross income must not exceed $73,851. This income level is adjusted annually by the Consumer Price Index as reported by the United States Government. If the value of the property increases more than 25% because of construction or reconstruction it no longer qualifies for special assessment level.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Louisiana House of Representatives - House Fiscal Division, Louisiana Property Tax Basics, (2017)
[http://house.louisiana.gov/housefiscal/DOCS_TAXREV/2014_Louisiana%20Property%20Tax%20Basics.pdf accessed 2/5/2019]
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Louisiana House of Representatives - House Fiscal Division, Louisiana Property Tax Basics FAQ's, (2017)
[http://house.louisiana.gov/housefiscal/DOCS_TAXREV/2104_Louisiana%20Property%20Tax%20Basics.pdf accessed 2/5/2019]
View Archived Source