TAX/AD VALOREM: Constitutional Amendment to authorize the local governing authority of a parish to provide an increase to the homestead exemption. (2/3-CA13s1(A)) (OR SEE FISC NOTE LF RV See Note)

SB 88 proposes a constitutional amendment allowing Louisiana parishes to approve an additional $22,500 property tax exemption for homes already qualifying for the existing $7,500 homestead exemption. Local parish governments would need to formally approve this extra exemption, and taxing authorities must absorb any resulting revenue loss without increasing taxes for other property owners. The amendment requires voter approval in a statewide election on November 3, 2026, and specifies that this exemption would not trigger property reappraisals or millage adjustments. It directly affects homeowners in parishes that adopt this additional tax break.