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Ad Valorem Assessment & Tax Watch – Louisiana 2014 Legislative Session

Ad Valorem Assessment & Tax Watch

Louisiana – Orleans Parish

June 9, 2014

Real Estate Tax Group has been following the current Legislative Session, and you may have an interest in these proposed property assessment and ad valorem tax related constitutional amendments:

Louisiana State Legislative Session – 2014

HOUSE BILL NO. 111

The proposed constitutional amendment authorizes Orleans Parish to increase the millage, and to levy up to ten mils for the purpose of police protection and ten mils for the purpose of fire protection.

As with the millage to be replaced, 5.26 for police and 5.21 for fire, the proposed, if passed, would not be subject to the Homestead Exemption.  In addition to this millage, there is currently a 6.40 millage for Fire & Police that is covered by the Homestead Exemption.

The proposed amendment would be submitted to the voters at the election scheduled for November 4, 2014; if approved, it would then be submitted to the New Orleans City Council, and subsequently to the voters of Orleans Parish for a parish wide vote.

You may view this 2014 Proposed Constitutional Property Tax Amendment HB. 111 by clicking here.

Passed by the House and Senate as amended; will be presented to the voters of the State on November 4, 2014, and to the electors of Orleans Parish.

HOUSE BILL NO. 488

The proposed Constitutional Amendment authorizes agents of the tax collector to sell property for delinquent taxes and requires the fee of the authorized agent to be included within the costs recoverable in the sale.

In January 2014, the Louisiana Supreme Court ruled that the City of New Orleans Ordinance No. 2207, permitting the City to authorize a third party firm to collect delinquent property taxes, was unconstitutional.  Furthermore, the assessed penalties and fees levied by the outside collector were in violation of the law.  See Jackson v. The City of New Orleans, No. 2010 C/W 2012-CA-2743.

You may view this proposed constitutional amendment, impacting the property tax sale process, along with the collection of associated penalties and fees, by clicking here HB. 488.

Passed by the House and Senate as amended; will be presented to the voters on November 4, 2014.

HOUSE BILL NO. 575

This bill relates to the Orleans Parish Juvenile Services Financing District, altering the term of the levy of the tax.

The present law provides for the City of New Orleans to levy and collect a tax up to 10 mils, and the tax shall expire on December 31 after the 2014 mayoral election for the City of New Orleans.  Furthermore, the election to authorize renewal of the tax shall be held at the same time as the mayoral primary election for the City of New Orleans.

The proposed law changes the provision for the expiration of the tax from a specific date to a term not to exceed eight years.

You may view this 2014 Proposed Property Tax related Amendment HB. 575 by clicking here.

Passed by the House and Senate as amended; sent to the Governor for executive approval.

We will monitor the bills as they progresses through the legislative process and apprise you of salient developments.