DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 430 Original 2020 Regular Session Willard
Abstract: In Orleans Parish only, limits increases in the assessed value of residential immovable
property to no more than 10% of the property's assessed value in the previous year.
Present constitution requires property subject to ad valorem taxes to be listed on the assessment roles
at its assessed value which is a percentage of its fair market value. Requires all property subject to
taxation to be reappraised and valued at intervals of not more than four years.
Present constitution authorizes a four-year phase-in of increases in the assessed value of residential
property subject to the homestead exemption if the assessed value of immovable property increases
by an amount which is greater than 50% of the property's value in the previous year.
Proposed constitutional amendment retains present constitution but limits, in Orleans Parish only,
the amount of the increase in the assessed value of residential immovable property subject to the
homestead exemption to no more than 10% of the property's assessed value in the previous year.
Further provides that the decrease in the total amount of ad valorem tax collected in Orleans Parish
as a result of this limitation on the assessed valuation shall be absorbed by the taxing authority and
shall not create any additional tax liability for other taxpayers in the taxing district as a result of any
subsequent reappraisal and valuation or millage adjustment.
Proposed constitutional amendment prohibits implementation of the cap on the amount of the
increase in assessed valuation of residential immovable property from triggering or causing a
reappraisal of property or an adjustment of millages pursuant to the provisions of present
constitution.
Proposed constitutional amendment shall not apply to the transfer or conveyance of ownership of
the property. Following a transfer or conveyance, the collector shall calculate ad valorem taxes
based on the property's full assessed value. Further provides that the provisions of proposed
constitutional amendment shall not apply to the extent the increase is attributable to construction on
or improvements to the property.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
November 3, 2020.
(Amends Const. Art. VII, §18(F)(2)(a)(intro. para.); Adds Const. Art. VII, §18(F)(3)))