House Bill No. by Representative Dewitt proposes a constitutional amendment to modify the assessment and reappraisal process for ad valorem taxes in Louisiana. The bill seeks to change the reappraisal interval from every four years to every five years and introduces a limit on the increase of assessed valuation for homesteads, capping it at the average annual increase in the Consumer Price Index. Additionally, the bill establishes a property tax exemption for residential properties where the owner has held a homestead exemption and paid all property taxes for thirty or more years. The amendment also repeals a provision related to the phase-in of additional property tax liability for significant increases in assessed valuation.

The proposed changes will be submitted to voters in a statewide election scheduled for November 3, 2026, and, if approved, will take effect on January 1, 2027. The bill aims to provide more stability and predictability for property owners regarding their tax assessments while also offering relief for long-term homeowners.