In Louisiana, we have something called a homestead exemption. Homestead exemption is a tax exemption on the first $75,000 of the value of a person’s home. This exemption applies to all homeowners. The value of your home is exempt up to $75,000 from state and parish property taxes. This is a benefit you definitely don’t want to forget to file for!

After your closing, your title company will file your act of sale in the Parish Clerk of Court office. You no longer need to wait for that recorded copy to file your homestead exemption. You can now file immediately after closing. Take your executed Act of Sale to the Assessor’s Office along with a form of id, and they will take care of the rest. In Ascension Parish, you can even do it online! If you can’t or forget to file right after closing, don’t fret, you can do it at any time. We just recommend doing it as soon as you purchase so you don’t forget. Remember, this is a significant tax savings for you. On average, the savings is $700-$800/year.

Regardless of how many houses are owned, no one is entitled to more than one homestead exemption, which is a maximum of $7,500 of assessed value. In order to qualify for homestead exemption, one must own and occupy the house as their primary residence. If you change primary residence, you must notify the assessor.