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Louisiana Rs Form

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DRIVE AROUND THE BYWATER NEIGHBORHOOD AND YOU SEE CHANGE. HOMES BEING REDONE AND REBUILT. PROPERTY VALUES ARE SOARING, WHICH MEANS PROPERTY TAX ASSESSMENTS ARE ALSO ON THE RISE. >> I THINK THE LOCAL GOVERNMENT KNOWS WHAT THEY NEED TO DO FOR THEIR BUDGET, THAT’S NOT FAIR TO THE HOMEOWNER. TRAVERS: THAT’S WHY THIS CONSTITUTIONAL AMENDMENT IS ON THE BALLOT. THE STATE LAWMAKER PROPOSING THE AMENDMENT SAYS IT’S DESIGNED AS A BUFFER FOR HOMEOWNERS TO PROTECT THEM FROM CRAZY PROPERTY TAX INCREASE >> IN MY DISTRICT I REPRESENT THE MARIGNY AND BYWATER AND THEY’VE SEEN UNSUSTAINABLE GROWN -- GROWTH IN PROPERTY TAXES. TRAVERS: IF YOUR PROPERTY TAX ASSESSMENT INCREASES MORE THAN 50%, THEN IT HAS TO BE PHASED IN. FOR EXAMPLE, IF YOUR HOME WAS ASSESSED FOR $200,000 AND IN THE NEXT ASSESSMENT PERIOD IT’S ASSESSED FOR $400,000, THAT DIFFERENCE WILL HAVE TO BE PHASED IN OVER 4 YEARS YEARS. >> FOR THOSE FAMILIES THAT ARE IN GENTRIFIED NEIGHBORHOODS, IT

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