Removes requirement in Orleans Parish that acts of sale or other acts transferring immovable property be filed with the assessor.(1/1/11) (EN NO IMPACT LF EX See Note)
Impact
The modification proposed by SB189 is expected to simplify the documentation process for notaries public responsible for recording acts of sale and transfers of immovable property. By eliminating the requirement to file these documents with the assessor's office, the bill seeks to decrease the administrative workload on public officials and improve the efficiency of real estate transactions within Orleans Parish.
Summary
Senate Bill 189 aims to amend existing statutes related to the transfer of immovable property in Orleans Parish, Louisiana. Specifically, it removes the requirement for acts of sale and similar instruments evidencing property transfers to be filed with the parish assessor. This legislative change is intended to streamline the process associated with real estate transactions by reducing bureaucratic obligations on notaries public and property transferors.
Sentiment
The sentiment surrounding SB189 appears to be generally supportive among those advocating for reduced regulatory burdens on real estate transactions. Proponents argue that by alleviating unnecessary paperwork, the bill will facilitate a more agile and responsive real estate market. However, there could be concerns over transparency and the availability of property transaction records, which some stakeholders might view as a drawback.
Contention
While there are no substantial points of contention reported in the discussions surrounding SB189, it's important to note the potential implications of such changes on the functioning of the local government and property oversight. Those in favor believe that reducing paperwork enhances efficiency, while opponents may argue about the risks of decreased oversight in property transactions, emphasizing the importance of maintaining accurate historical records.
Transfers assets and debts of previous multiple tax assessors in Orleans Parish to office of Orleans Parish tax assessor. (gov sig) (EN NO IMPACT LF RV See Note)
Provides relative to the inspection of assessment lists and the notification and review of property tax assessments by the board of review in Orleans Parish. (6/15/13) (EG1 +$37,000 LF EX See Note)
(Constitutional Amendment) Limits the amount of the increase in the assessed value of certain immovable property in Orleans Parish following reassessment of property for purposes of ad valorem taxes (EN SEE FISC NOTE LF RV)
(Constitutional Amendment) Limits the amount of the increase in the assessed value of certain immovable property in Orleans Parish following reassessment of property for purposes of ad valorem taxes (OR SEE FISC NOTE LF RV)
Provides relative to the inspection of assessment lists and the notification and review of property tax assessments by the board of review in Orleans Parish (EN +$37,000 LF EX See Note)