TAX/AD VALOREM TAX: Limits the frequency of reappraisal and valuation of property for ad valorem tax purposes (OR SEE FISC NOTE LF RV See Note)

HB 340 changes Louisiana's property tax law by requiring real estate to be reappraised every four years (instead of every five years under current law), while keeping personal property reappraised annually. This affects all property owners in Louisiana by altering how often their property values are reviewed for tax purposes. The bill would take effect for tax years beginning January 1, 2027, but only if a related constitutional amendment passes in a statewide election. It does not change tax rates or the method of valuation, only the frequency of reappraisals.