Louisiana CAs for Dummies

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Yes No No Yes No No

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You want to be forced to immediately pay higher taxes? Whatever floats your boat.

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This amendment is unfair to homeowners with assessment increases of less than 50% and fur- ther compounds a fundamental problem and inequity in the property tax methods of Louisiana. Under the proposed system, a homeowner with a 40% increase in assessment would be paying approximately 8% more in taxes over four years than a homeowner with an increase of just over 50%. In fact, for homes valued at more than $75,000, a 31% assessment increase would result in about the same amount of tax over four years as a 50% assessment increase. As studies and investigative reports have shown, home values in some parishes can differ widely even for comparable houses. The result is an inequitable system that burdens some homeowners more than others and potentially shortchanges the local governments and schools that depend on fair and reliable tax collections. This amendment exacerbates that problem. The amendment also provides an unnecessary cushion for property owners using their homes for short-term rentals. The amendment will complicate the role of the tax collector, who would have to distinguish different taxing methods depending on whether an assessment increase is based on a sale, improvement or simply higher value. Finally, this is a relatively rare problem and does not warrant amending the state Constitution.

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