HLS 22RS-1033 ORIGINAL
2022 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 50
BY REPRESENTATIVE NEWELL
TAX/PROPERTY: Requests a study of the practicality and feasibility of phasing-in
property tax increases when a property's assessed value increases after reassessment
by a percentage of less than fifty percent of the previous year's assessed value
1 A CONCURRENT RESOL UTION
2To authorize and request the House Committee on Ways and Means and the Senate
3 Committee on Revenue and Fiscal Affairs to meet and function as a joint committee
4 to study the practicality and feasibility of phasing-in property tax increases when the
5 assessed value of property increases after the reassessment of the property by a
6 percentage of less than fifty percent of the previous year's assessed value.
7 WHEREAS, Article VII, Section 18 of the Constitution of Louisiana provides for the
8assessment and classification of property subject to ad valorem taxation; and
9 WHEREAS, the constitution requires all property subject to taxation to be
10reappraised and valued at intervals of not more than four years; and
11 WHEREAS, Article VII, Section 18(F)(2) requires a four-year phase-in of the
12assessed value of immovable property following a statewide reappraisal of property if the
13assessed value of the immovable property increases by an amount greater than fifty percent
14of the property's assessed value in the previous year; and
15 WHEREAS, increases of less than fifty percent in the assessed value of property can
16create hardships for Louisiana property owners who have limited financial resources or who
17live on fixed incomes and can not afford large increases in ad valorem property taxes; and
18 WHEREAS, consideration should be given to circumstances where a lower threshold
19of an increase in the assessed valuation of property would qualify for the four-year phase-in
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HCR NO. 50
1of property taxes in order for property owners with limited financial means to maintain
2ownership of their property; and
3 WHEREAS, lowering the threshold for triggering the four-year phase-in of increases
4in the assessed value of property for purposes of property taxes should be balanced against
5the loss of revenue the phase-in can create for local governments, many of which finance
6operational expenses for the provision of services for citizens on the revenue generated from
7ad valorem property taxes.
8 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
9authorize and request the House Committee on Ways and Means and the Senate Committee
10on Revenue and Fiscal Affairs to meet and function as a joint committee to study the
11practicality and feasibility of phasing-in property tax increases when the assessed value of
12property increases after the reassessment of the property by a percentage of less than fifty
13percent of the previous year's assessed value.
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)]
HCR 50 Original 2022 Regular Session Newell
Authorizes the House Committee on Ways and Means and the Senate Committee on
Revenue and Fiscal Affairs to meet and function as a joint committee to study the
practicality and feasibility of phasing-in property tax increases when the assessed value of
property increases after the reassessment of the property by a percentage of less than 50%
of the previous year's assessed value.
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