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Message
Homestead Exemption
Posted on 12/28/14 at 8:04 pm
Posted on 12/28/14 at 8:04 pm
I own a primary residence and claim homestead exemption on it but recently bought a lot that I will build on in the next two years. Can I claim the exemption on this second property or does it only apply to one residence?
5
Posted on 12/28/14 at 8:05 pm to daviddsims
You want to claim the house and the LOT or the house that will be built in 2 years? If the LOT then NO. Unless I'm wrong then I'll be pissed that we're not claiming it on our lot! 
Posted on 12/28/14 at 8:09 pm to daviddsims
You get to claim homestead exemption on one property.
Posted on 12/28/14 at 8:09 pm to daviddsims
You can only claim HE on one property at a time.
Posted on 12/28/14 at 8:10 pm to tiger91
I already claim homestead exemption on my primary residence now but also have a lot for a future build. Looks like you can only make the claim one time so I would pay the property taxes on the lot obviously. I was just making sure that I am not misinterpreting anything.
Posted on 12/28/14 at 8:11 pm to tiger91
Nope. You get one homestead exemption....I'm sure plenty of people scam the system, but a competent parish assessor will require you to fill out an annual exemption verification. Re vacant lots, you can't get a homestead exemption if there is no inhabitable structure on the lot.
Posted on 12/28/14 at 8:13 pm to hungryone
Thanks everyone! 
Posted on 12/28/14 at 10:07 pm to daviddsims
If I ever run for office, I'm dropping an outright removal of the homestead exemption in every bill I can.
Posted on 12/28/14 at 10:53 pm to Mr.Perfect
quote:
If I ever run for office, I'm dropping an outright removal of the homestead exemption in every bill I can.
If you tell the public this intent BEFORE the election, you won't have to worry about writing an acceptance speech, only a concession speech.
The HE is a sacred cow, especially for older folks and the disabled, those on fixed incomes, etc.
Posted on 12/29/14 at 7:53 am to Mr.Perfect
quote:
If I ever run for office, I'm dropping an outright removal of the homestead exemption in every bill I can.
I'm sure this would go over swimmingly for the public. Nothing makes people happy like a massive tax hike on every landowner in the state.
Posted on 12/29/14 at 8:06 am to Mr.Perfect
quote:
If I ever run for office, I'm dropping an outright removal of the homestead exemption in every bill I can.
While I'd agree with you, the reality is people are stupid enough to not vote for you because of it.
Although, if we got rid of the homestead exemption, we probably could lower the millages to make it revenue-neutral.
Although, rather than remove it, I'd lower it to about 30K, and institute reform in the appraisal process. In many places, uneven appraisals are the norm.
Posted on 12/29/14 at 7:23 pm to LSUFanHouston
quote:
In many places, uneven appraisals are the norm.
No kidding. If the house doesn't change hands Orleans Parish just raises the value by some predetermined amount apparently. My street had about half "new" owners and half 1990 owners. They are assessed about 100k less than the new owners.
Posted on 12/29/14 at 8:12 pm to Teddy Ruxpin
Posted on 1/7/15 at 12:47 pm to daviddsims
I bought a house Last April. Not too keen on the details of claiming H.E. How does this work exactly?
Posted on 1/7/15 at 1:50 pm to LSUengineer12
If you live in LA, look up the assessor for your parish, and get the form from them.
The problem is I believe they have to be filed by a certain date to take effect for that year. I'm surprised the closing company didn't provide you with the form or tell you where to get it.
The problem is I believe they have to be filed by a certain date to take effect for that year. I'm surprised the closing company didn't provide you with the form or tell you where to get it.
Posted on 1/7/15 at 2:08 pm to LSUengineer12
quote:
I bought a house Last April. Not too keen on the details of claiming H.E. How does this work exactly?
wow...you better go get this done with the quickness. Hope it's not too late for 2014. Your tax bill will suck if so.
Posted on 1/7/15 at 2:16 pm to Chaplain
My taxes are escrowed though. 
So does it lower the amount they escrow, or do you claim it at the end of the year?
So does it lower the amount they escrow, or do you claim it at the end of the year?
Posted on 1/7/15 at 3:37 pm to LSUengineer12
Your mortgage company is going to pay them, whatever they are, and then they are going to come after you for the difference if you didn't have enough escrowed.
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