NEW ORLEANS – Assessor Erroll G. Williams informs the homeowners of Orleans Parish that as of August 1, 2016, it will be a crime to claim more than 1 homestead exemption.
According to Act 437, signed by Governor John Bel Edwards and passed by the Louisiana Legislature, individuals who claim more than 1 homestead exemption are subject to a $500 fine, 6 months in prison and restitution of the wrongfully claimed exemption.
According to state law, only 1 homestead exemption of $75,000 is allowed per person on owned property considered one’s “domicile” or permanent owned residence.
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Disabled veterans in Louisiana may be eligible for a $150,000 homestead exemption.
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