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Louisiana Rs  Form

Louisiana Rs Form

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Instructions and help about Louisiana Rs

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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