HLS 20RS-692 ORIGINAL
2020 Regular Session
HOUSE BILL NO. 508
BY REPRESENTATIVE HILFERTY
TAX/AD VALOREM TAX: Requires all real property within a parish to be reassessed in
the same year for purposes of statewide reassessment
1 AN ACT
2To amend and reenact R.S. 47:2331, relative to ad valorem taxes; to provide for the
3 reappraisal of certain property subject to ad valorem taxation; to provide for certain
4 requirements regarding the frequency of reappraisal of certain property; and to
5 provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R. S. 47:2331 is hereby amended and reenacted to read as follows:
8 ยง2331. Reassessment
9 A. On and after January 1, 1978, all assessments of All real property shall
10 be based on a reassessment of all such real property; and such real property shall be
11 reappraised at least every and valued at intervals of not more than four years. For
12 purposes of reappraisal of property provided for in this Subsection, the assessor in
13 each parish shall reappraise and value all of the real property subject to taxation in
14 a parish in the same year within the four-year interval. No assessor shall reappraise
15 and value only a portion of the real property subject to taxation in a parish each year
16 within the four-year interval.
17 B. thereafter and all assessments of All personal property shall be based on
18 a reassessment of all such personal property, and such personal property shall be
19 reappraised and valued every year thereafter.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 20RS-692 ORIGINAL
HB NO. 508
1 Section 2. This Act shall take effect and become operative if and when the proposed
2amendment of Article VII of the Constitution of Louisiana contained in the Act which
3originated as House Bill No. ___ of this 2020 Regular Session of the Legislature is adopted
4at a statewide election and becomes effective.
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 508 Original 2020 Regular Session Hilferty
Abstract: Requires, for purposes of reassessment of real property, the assessor in each
parish to reappraise and value all of the real property subject to taxation in the same
year within a four-year interval.
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 law requires all real property to be reappraised at least every four years and all
personal property to be reappraised every year.
Proposed law clarifies that for purposes of reappraisal of real property provided for in
present law and present constitution, the assessor in each parish shall reappraise and value
all of the real property subject to taxation in a parish in the same year within the four-year
interval. Further prohibits an assessor from reappraising and valuing only a portion of the
property subject to taxation in a parish each year within the four-year interval.
Effective if and when the proposed amendment of Article VII of the Constitution of La.
contained in the Act which originated as House Bill No. ___ of this 2020 R.S. of the
Legislature is adopted at a statewide election and becomes effective.
(Amends R.S. 47:2331)
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.