To The Louisiana State Legislature: Raise the Homestead Exemption!
The Louisiana State Legislature
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The benefits of the homestead exemption and the need to increase it for inflation have never been more important. Homeowner taxes continue to increase as property values increase while the amount of the exemption remains fixed at 1982 property value levels. If adjusted for inflation alone the homestead exemption today would be over $160,000.
Low tax rates are good for all property owners and renters. Lower tax rates make Louisiana more attractive to new businesses and make it easier for existing businesses to remain open as well as provide jobs and services to their customers. Lower tax rates also make home ownership more affordable.
Thus affirming its common benefit to the people of Louisiana, we strongly encourage all serving Representatives and Senators of the Louisiana Legislature to urgently draft, support and pass legislation that will raise the states homestead exemption to one hundred seventy thousand dollars ($170,000) or an amount reflecting the actual rate of inflation at the time such legislation is made law, whichever is greater. This legislation should also require mandatory adjustment of the homestead exemption against inflation every four years.
The haste and initiative you show as elected representatives, individually and collectively in furtherance of this cause, will be to voters a measure of your success in office.