LA HB521

Amends Louisiana Constitution Article VII, Section 23(C) to allow local taxing authorities to levy lower ad valorem (property tax) millage rates without permanently losing the ability to later increase to the maximum authorized rate from a prior year's reassessment

Under current law, if a taxing authority does not increase its millage rate to the maximum authorized level before the next statewide reassessment (every four years), it permanently forfeits that taxing capacity

Millage rate increases above the adjusted rate (but within the maximum authorized rate) still require a two-thirds vote of the taxing authority and a public hearing with notice published on two separate days at least 30 days in advance

Effective January 1, 2027, applicable to all tax years beginning on or after that date

Requires voter approval at the November 3, 2026 statewide election