In Louisiana, the homestead exemption offers homeowners a $75,000 exemption on the assessed value of their primary residence for property tax purposes, meaning the first $75,000 of the home's value is not taxed. It also provides limited protection against creditors in case of bankruptcy or legal claims, helping to safeguard the homeowner’s primary residence. To qualify, the property must be the homeowner's primary residence, and an application is required.
MD Title, LLC
3861 Ambassador Caffery Parkway, Suite 110, Lafayette, LA 70503
Phone: 337-999-0900 | Fax:337-999-0901
