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Homestead Exemption
Posted on 10/16/26 at 8:29 am
Posted on 10/16/26 at 8:29 am
It's beyond time to bring the 75K up to today's standards.
When Louisiana implemented the $75,000 exemption limit in 1980:
• It was incredibly generous for its time, as the exemption completely covered or nearly covered the entire value of a typical home in the state.
• A homeowner with a median-priced $85,100 home only paid property taxes on the remaining $10,100 of its market value.
Today, with the average home price in Louisiana hovering around $218,000, that same $75,000 exemption protects less than a third of a typical home's value.
This needs to be front and center for all Louisiana lawmakers
In 1980, the 75K exemption was 86% of the median home value.
lawmakers need to bring the exemption up to at least 188K.
When Louisiana implemented the $75,000 exemption limit in 1980:
• It was incredibly generous for its time, as the exemption completely covered or nearly covered the entire value of a typical home in the state.
• A homeowner with a median-priced $85,100 home only paid property taxes on the remaining $10,100 of its market value.
Today, with the average home price in Louisiana hovering around $218,000, that same $75,000 exemption protects less than a third of a typical home's value.
This needs to be front and center for all Louisiana lawmakers
In 1980, the 75K exemption was 86% of the median home value.
lawmakers need to bring the exemption up to at least 188K.
Posted on 10/16/26 at 8:30 am to Supermoto Tiger
quote:
average home price in Louisiana hovering around $218,000
Trashy
Posted on 10/16/26 at 8:33 am to Supermoto Tiger
I agree
It should be $350K
It should be $350K
Posted on 10/16/26 at 8:34 am to AlextheBodacious
quote:
Trashy
No. Normal, sensible, and not drowning in debt. I don't have any need or desire for a 3,000 sq. ft. residence. I grew up in a 1,500 sq. ft. home with a family of five.
Posted on 10/16/26 at 8:35 am to Kenna City Solja
Yes, agree. Our whole tax code is jacked
Posted on 10/16/26 at 8:48 am to Supermoto Tiger
Same goes for taxation on social security:
quote:
The original federal thresholds—$25,000 for single filers and $32,000 for married couples filing jointly—have not been increased since the tax on Social Security benefits began in 1984. They are not indexed for inflation, so over time more beneficiaries have become subject to the tax. Social Security Administration1
Posted on 10/16/26 at 8:50 am to Supermoto Tiger
Homestead exemption should be gotten rid of so I can buy up the ghetto at the sheriffs sale
Posted on 10/16/26 at 8:51 am to Supermoto Tiger
The homestead exemption needs to be removed entirely.
Here is why. People with crappy houses in crappy areas pay zero. Let them get some skin in the game. If everyone paid at least a little then those already paying wouldn't have to pay as much.
Here is why. People with crappy houses in crappy areas pay zero. Let them get some skin in the game. If everyone paid at least a little then those already paying wouldn't have to pay as much.
Posted on 10/16/26 at 8:52 am to Supermoto Tiger
What does the property tax go towards in Louisiana?
How would you suggest the state make up that loss of revenue?
How would you suggest the state make up that loss of revenue?
Posted on 10/16/26 at 8:54 am to chryso
quote:
People with crappy houses in crappy areas pay zero.
This is how people with no jobs can live at grandma's paid off house in north Baton Rouge free for generations.
Posted on 10/16/26 at 8:56 am to alajones
quote:
How would you suggest the state make up that loss of revenue?
Cut spending 3% across the board
Posted on 10/16/26 at 9:00 am to chryso
quote:
If everyone paid at least a little then those already paying wouldn't have to pay as much.
Great in theory not how it will. Instead it will be the government agencies will have more to squander!
Posted on 10/16/26 at 9:22 am to tigerfootball10
quote:
Cut spending 3% across the board
All politicians at every level and on both sides of the aisle
Posted on 10/16/26 at 9:27 am to tigerfootball10
quote:
Cut spending
Posted on 10/16/26 at 9:41 am to Supermoto Tiger
Get rid of homestead exemption.
Half of Baton Rouge (I’ll let you guess which half) pays nothing. Their houses are not worth $75,000.
Make everyone pay and the rate would drop.
We are subsidizing half the city and thinking we are getting a “deal”.
Wake up.
Half of Baton Rouge (I’ll let you guess which half) pays nothing. Their houses are not worth $75,000.
Make everyone pay and the rate would drop.
We are subsidizing half the city and thinking we are getting a “deal”.
Wake up.
Posted on 10/16/26 at 9:43 am to Supermoto Tiger
We have the highest homestead exemption in the country, how’s that working out?
Get rid of it and lower property tax rates. Everyone should pay something.
Get rid of it and lower property tax rates. Everyone should pay something.
Posted on 10/16/26 at 9:50 am to LSUFanHouston
quote:
We have the highest homestead exemption in the country
What?
Posted on 10/16/26 at 10:00 am to alajones
quote:
What does the property tax go towards in Louisiana?
How would you suggest the state make up that loss of revenue?
There is no state property tax. But parish/city revenue amounts would be cut. According to the Google robot, raising the property tax exemption across the board would result in a $30mm-$45mm revenue loss to East Baton Rouge parish and city government and agencies.
Might be able to make it work through a stepped up proposal. Or get rid of some exemptions elsewhere, and remove all special exemptions currently in the constitution.
Increasing the homestead exemption would lead to increased millage rates which would put a higher tax burden on commercial and industrial users.
Posted on 10/16/26 at 10:26 am to KamaCausey_LSU
quote:Exemptions should be investigated. Came across this the other day.
remove all special exemptions
Thirty to forty percent of actual property owned in the city of New Orleans is owned by nonprofit entities that pay no property tax.
https://www.audacy.com/wwl/news/local/new-orleans-2678063519
Posted on 10/16/26 at 11:03 am to Shexter
quote:
3,000 sq. ft
A house this small leaves no room for blowjobs
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