TAX EXEMPTIONS/HOMESTEAD: (Constitutional Amendment) Authorizes a parish governing authority to increase the amount of the homestead exemption (OR SEE FISC NOTE LF RV)

HB 440 proposes a constitutional amendment to allow Louisiana parishes to increase the homestead property tax exemption from $7,500 to a maximum of $12,500 per home. It directly affects homeowners in parishes that choose to approve such increases through their local governing authorities. The bill would maintain existing exemptions for veterans (with disability ratings of 50%+) and first responders (who get an additional $2,500 exemption), while enabling parishes to add up to $5,000 more to the standard homestead exemption. The change requires voter approval and would take effect for 2027 property taxes.