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LA HB412
Bill
Status
2/25/2026
Primary Sponsor
Jason DeWitt
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AI Summary
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Changes the required property reappraisal interval from every 4 years to every 5 years for ad valorem tax purposes
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Caps annual assessed value increases on homestead-exempt properties to no more than the previous year's Consumer Price Index inflation rate, except for increases due to new construction or improvements
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Creates a full property tax exemption for homesteads where the owner has held the homestead exemption and paid all property taxes for 30 or more years
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Repeals the existing provision that phases in additional tax liability when a homestead's assessed value increases by more than 50%
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Requires voter approval at the November 3, 2026 statewide election, with an effective date of January 1, 2027
Legislative Description
(Constitutional Amendment) Provides relative to assessment and reappraisal of property for ad valorem tax purposes and establishes a property tax exemption (OR DECREASE LF RV See Note)
TAX/AD VALOREM TAX
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
3/9/2026