Louisiana lawmakers advance bill to provide local vote on raising homestead exemption • Louisiana Illuminator

Louisiana lawmakers advance bill to provide local vote on raising homestead exemption • Louisiana Illuminator

Representative Matthew Willard speaks with Representative Delisha Boyd on the House floor Tuesday, May 16, 2023, inside the State Capitol in Baton Rouge. (Louisiana Illuminator)The House Ways and Means Committee advanced legislation that would give parishes the option to increase the homestead exemption for property owners. The homestead exemption – $7,500 on the first $75,000 value of one’s home – has not increased since 1980, when the average …

HB 271 Advances: Louisiana Moves to Raise Homestead Exemption to $125K

Louisiana’s HB 271 advances to the House floor, giving parishes the power to raise the homestead exemption to $125,000 for the first time since 1980