The Louisiana Constitution permits no other property tax exemptions except for state, parish or special ad valorem tax. The Constitution exempts the first $7500 of assessed value on bona fide homesteads.
To qualify for homestead exemption a person must be the owner and occupant of a bona fide homestead. Taxpayers are entitled to only one bona fide homestead exemption within the State of Louisiana.
The bona fide homestead consists of a tract of land or two or more tracts of land with a residence on one tract and a field, pasture, or garden on the other tract or tracts, not exceeding one hundred and sixty acres.
The same homestead exemption shall also fully apply to a mobile home or other manufactured housing that serves as a bona fide home, and is owned and occupied by any person, regardless of whether the homeowner owns the land upon which the home is situated.
Current year homestead exemptions are granted to individuals who purchase land and an existing residence prior to January 1 of the current year. New construction must be completed and occupied on January 1 to be taxable for that year. If the house is not taxed, there will be no homestead exemption for the current year.
Individuals who purchase land and an existing residence after January 1 will not be eligible for homestead exemption until the following year. If there is a homestead exemption on a property on January 1, it will remain so for that year. If no homestead exemption is in effect on a property on January 1, there will be none for that year. The new owners may apply for homestead exemption for the following year at any time during the purchase year, or between January 1 and September 30 of the next year.
In February the Assessor mails homestead exemption receipts to notify property owners that their exemption has been renewed. If the owner is no longer living on the property (address has changed, etc.) the Post Office returns the card to the Assessor, and the exemption is cancelled.
If a property owner moves away from the homestead, the Assessor’s office should be notified. When the office receives this information, the exemption will be cancelled at the end of the year.
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