LAFAYETTE, La. (AP) - The Lafayette Parish Assessor's Office is eyeing a new program to ferret out property owners improperly claiming homestead exemption.
Assessor Conrad Comeaux tells The Advocate about $1 million in annual property tax revenue could be at stake for City-Parish Government, the School Board and other groups that are funded in part by property taxes.
Homestead exemption is one of the largest and most common tax breaks available for residential property, but homeowners in Louisiana are permitted to claim the $75,000 only for property where they live.
Comeaux said that based on what's been found elsewhere, anywhere from 3 percent to 5 percent of the parish's 54,400 claims for homestead exemption might not be valid.
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