Property Ownership
To qualify for the Louisiana homestead exemption, the property owner must:
AOwn the property for at least 5 years
BOccupy the property as their primary residence and file an application with the parish assessor✓ Correct
CHave a mortgage balance below $200,000
DBe a Louisiana native
Explanation
To qualify for the Louisiana homestead exemption, the owner must occupy the property as their primary residence and apply for the exemption with their parish assessor.
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