Property Ownership
Louisiana's 'homestead exemption' applies to a property owner who:
AOwns any real estate in Louisiana
BOccupies the property as their primary residence on January 1 of the tax year✓ Correct
CHas owned the property for more than 10 years
DIs 65 years of age or older
Explanation
The Louisiana homestead exemption ($7,500 of assessed value) applies to the property owner's primary residence occupied on January 1 of the tax year. It must be applied for with the parish assessor.
Related Louisiana Property Ownership Questions
- In Louisiana, a 'sale with assumption of mortgage' differs from a 'sale subject to mortgage' in that with an assumption:
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