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LAT 5A TAX EXEMPT ANALYSIS RETURN TO:20 PERSONAL PROPERTY TAX FORM NAME/ADDRESS: (INDICATE ANY CHANGES)CONFIDENTIAL RS: 47:2327. Only the Assessor, the governing authority, and Louisiana Tax Commission.

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Louisiana Property Tax Rates The property tax rates that appear on bills are denominated in millage rate. A mill is equal to $1 of tax for every $1,000 of net assessed taxable value. If your net assessed taxable value is $10,000 and your total millage rate is 50, your taxes owed will be $500.

In order to qualify for homestead exemption, one must own and occupy the house as his/her primary residence. Regardless of how many houses are owned, no one is entitled to more than one homestead exemption, which is a maximum of $7,500 of assessed value. If you change primary residence, you must notify the assessor.

The homestead exemption law gives property owners a tax break on their property taxes. The amount of savings that you would receive is generally about $750-$800 per year depending on your assessed value and the millage rate in your area.

Louisiana Homestead Statutes Louisiana's constitution dictates that only 160 acres and $7,500 in property value can be designated as a homestead. Disabled military veterans rated with 100 percent "unemployability" are eligible for a homestead exemption of $150,000.

Qualifying homeowners can get up to $100,000 deducted from the assessed value of their home. Exemptions increase based on age, and can be claimed by seniors, the disabled and veterans. Qualifying homeowners can get 50% the value of their primary residence (up to $100,000) deducted from property tax.

a) Owned and occupied by a person who is 65 years of age or older. b) Owned and occupied by a person who has a 50% or greater military service-related disability. c) Last owned and occupied by a member of the armed forces who was killed or is missing in action, or who is a prisoner of war.

If property owners continue to approve new millages, your taxes will continue to increase. To qualify for the Senior Citizens Special Assessment Level Homestead Exemption "freeze" you must meet both of the following: You must be 65 years of age or older by the end of the year in which you are applying.

As of January 1, 2012, the Homestead Exemption you receive on the property where you reside in Orleans Parish is permanent, as long as you continue to own the property and declare it as your domicile. Once you successfully apply for the Homestead Exemption, you no longer need to reapply on an annual basis.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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