State treasurer Fleming pushes first homestead exemption hike in 46 years

Louisiana State Treasurer Fleming is proposing the first increase to Louisiana's homestead property tax exemption in 46 years, raising the exemption limit from $75,000 to $350,000 in fair market value. The proposal would reduce property tax bills for homeowners across the state, including Acadiana residents, but could significantly impact funding for local agencies and municipalities that rely on property tax revenue.