Presently, the Louisiana Constitution allows for a homestead exemption of $75,000.
Homestead Exemption negates the parish property taxes due on the first $75,000 of
market value or $7,500 of assessed value. This exemption does not apply to taxes
levied by any of the eight cities, towns, or villages located in Washington Parish.
To qualify for Homestead Exemption, the property in Washington Parish must be your
primary residence and must be in your name.
Also, for property owned by a veteran with a service connected disability rating
of 100% by the United States Department of Veterans Affairs, an additional $75,000
of market value will be homestead exempt.
Washington Parish has a permanent homestead exemption registration. Once you apply
for Homestead, you do not need to re-apply each year. If you sell your homestead
property, then you must re-apply when you purchase another home. However, if you
are a disabled veteran who is already receiving homestead exemption, you must re-apply
in order to receive the additional homestead exemption.
Homestead Exemption is granted by the State Constitution and can only be changed
by an act of the legislature. Any changes made by the legislature must be approved
by 50% of the registered voters in the state of Louisiana.