Committee hears request for universal $10,000 homestead exemption effective 2028
A senator asked the Assessment and Taxation Committee to request RS 3101, a bill to exempt the first $10,000 of appraised value for owner-occupied primary residences starting Jan. 1, 2028, with administrative steps for declarations at closing and county applications; the measure includes fraud penalties and provisions to protect school funding.
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A senator asked the Senate Assessment and Taxation Committee to request RS 3101, a universal homestead exemption that would remove the first $10,000 of appraised value from ad valorem property taxes for homeowners who occupy their property as a primary residence as of Jan. 1 of the tax year. The presenter said the exemption would take effect Jan. 1, 2028, and proposed a modest initial amount — "I just went with the first 10,000" — to allow the Legislature to see how it functions and amend it later if needed.
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