Louisiana HB 248: TAX/AD VALOREM TAX:  (Constitutional Amendment) Authorizes a local option for local governments to establish percentages of fair market value for property classifications used in determining the assessed valuation of property for purposes of ad valorem tax (OR SEE FISC NOTE LF RV)

Bill Text

HLS 18RS-365 ORIGINAL
2018 Regular Session
HOUSE BILL NO. 248
BY REPRESENTATIVE CREWS
TAX/AD VALOREM TAX: (Constitutional Amendment) Authorizes a local option for
local governments to establish percentages of fair market value for property
classifications used in determining the assessed valuation of property for purposes
of ad valorem tax
1 A JOINT RESOLUTION
2 Proposing to amend Article VII, Section 18(A) and (B) of the Constitution of Louisiana,
3 relative to ad valorem tax; to provide with respect to the percentages of fair market
4 value used in determining the assessed value of classes of property; to authorize a
5 local option by local governments for establishment of percentages of fair market
6 value to be used in determining the assessed value of classes of property; to require
7 voter approval; to provide with respect to implementation; to provide for submission
8 of the proposed amendment to the electors; and to provide for related matters.
9 Section 1. Be it resolved by the Legislature of Louisiana, two-thirds of the members
10 elected to each house concurring, that there shall be submitted to the electors of the state of
11 Louisiana, for their approval or rejection in the manner provided by law, a proposal to
12 amend Article VII, Section 18(A) and (B) of the Constitution of Louisiana, to read as
13 follows:
14 §18. Ad Valorem Taxes
15 Section 18.(A) Assessments. Property subject to ad valorem taxation shall
16 be listed on the assessment rolls at its assessed valuation, which, except as provided
17 in Paragraphs (C) and (G), shall be a percentage of its fair market value. The
18 percentage of fair market value shall be uniform throughout the state upon the same
19 class of property, except as provided in Subparagraph (B)(3) of this Paragraph.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.

HLS 18RS-365 ORIGINAL
HB NO. 248
1 (B) Classification. The (1) Except for purposes of a property class assessed
2 within a local government taxing jurisdiction in which the electors have voted to
3 authorize another percentage of fair market value for that property class as provided
4 in Subparagraph (3) of this Paragraph, the classifications of property subject to ad
5 valorem taxation and the percentage of fair market value applicable to each
6 classification for the purpose of determining assessed valuation are as follows:
7 Classifications Percentages
8 1. (a) Land 10%
9 2. (b) Improvements for residential purposes 10%
10 3. (c) Electric cooperative properties, excluding land 15%
11 4. (d) Public service properties; excluding land 25%
12 5. (e) Other property 15%
13 (2) The legislature may enact laws defining electric cooperative properties
14 and public service properties.
15 (3) Notwithstanding any other provision of this Section to the contrary, the
16 governing authority of a local government may establish a percentage of fair market
17 value to be used in the valuation of a property class within that taxing jurisdiction
18 other than the uniform statewide percentage of fair market value for that property
19 class provided in Subparagraph (1) of this Paragraph. The establishment of such a
20 change shall not become effective unless it is authorized by a resolution or ordinance
21 adopted by the governing authority, and thereafter approved by a majority of the
22 electors in the taxing jurisdiction voting thereon in an election held for that purpose.
23 Implementation of the adoption of a change in a percentage of fair market value to
24 be used in determining the assessed value of a class of property shall occur no earlier
25 than the first day of the calendar year following the year in which it was approved
26 by the electors. If not approved by the electors, a resolution or ordinance to effect a
27 change in an existing exemption shall have no effect.
28 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.

HLS 18RS-365 ORIGINAL
HB NO. 248
1 Section 2. Be it further resolved that this proposed amendment shall be submitted
2 to the electors of the state of Louisiana at the statewide election to be held on November 6,
3 2018.
4 Section 3. Be it further resolved that on the official ballot to be used at the election,
5 there shall be printed a proposition, upon which the electors of the state shall be permitted
6 to vote YES or NO, to amend the Constitution of Louisiana, which proposition shall read as
7 follows:
8 Do you support an amendment to allow local governments the option to
9 establish percentages of fair market value for property classifications within
10 their local jurisdictions? (for application statewide) Amends Article VII
11 Section (18)(A) and (B))
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