TAX/AD VALOREM TAX: (Constitutional Amendment) Provides relative to assessment and reappraisal of property for ad valorem tax purposes and establishes a property tax exemption (OR SEE FISC NOTE LF RV)

HB 412 proposes a constitutional amendment to change Louisiana's property tax system. It would require property to be reassessed every five years (instead of four), limit yearly increases in homestead tax bills to the Consumer Price Index (CPI) growth rate, and create a new exemption for homes where owners have paid property taxes for 30+ consecutive years. These changes would directly affect homeowners with homestead properties, particularly those who have owned their homes for decades. The amendment, if approved by voters in November 2026, would take effect for tax years beginning January 1, 2027.