Freezing Your Property Taxes

Freezing Your Property Taxes



A few weeks back I was sitting in a closing with an older couple who were selling their home here in Ascension Parish and moving closer to their children. When the closing attorney was getting to the part about property taxes, he said something about their frozen property taxes.

tax-office-2668797_640

I had never heard of this before and was a little disappointed with myself being a REALTOR® in Ascension Parish I should know something about it. I leaned into the table and asked the listing agent across from me “Did you know about this, frozen taxes?” She shrugged and said “No”. After that, I felt a little better but wanted to know more so I can tell the people of Ascension Parish about how they could save money.

So What Is “Freezing Your Taxes?”

Screen Shot 2017-09-11 at 6.45.19 PM

Homeowners who become 65 can permanently freeze their assessments if they have an adjusted gross income below the scheduled amount. How much is that amount? When my parents went to the tax assessors office in Ascension Parish it was $72,000.00. The woman at the office was extremely friendly and was really willing to answer all my parent's questions about their property taxes.

So How Do I Go About “Freezing" Them?

man-2546100_640


It is simple to apply. You must go in person to the Ascension Parish Tax Assessors office with a copy of your latest tax return and your driver’s license. You only need apply once, as you do not have to reapply every year.

The special assessment is permanent as long as you continue to qualify: That means you continue to own and reside in your home. In addition, your adjusted gross income cannot exceed the scheduled amount and the value of your house does not increase more than 25% due to any new construction.

If the owner dies, the special assessment passes to the surviving spouse who has minor children or who is 55 or older and meets the other qualifications. Veterans who are at least 50% permanently disabled also qualify to for the special assessment freeze.

In Louisiana, a property is reassessed every 4 years, so don’t wait to freeze your tax assessment.


Money, Your Real Estate Whisperer


If you do qualify this could save you money in the future. Please share this information with anyone you know that could possibly qualify. I want everyone in Ascension Parish to save money, Why? “Because YOU Matter”


Kristina Smallhorn

Your Real Estate Whisperer

eXp Realty LLC

2900 Westfork Dr. Suite 401

Baton Rouge LA 70817

225-246-1812

Office (225) 412-9982 ext# 149

https://www.facebook.com/YRRealEstatWhisperer

https://twitter.com/RealEstateWhisp

https://www.instagram.com/prairievillerealestate

https://www.youtube.com/channel/UCH0LUzFvtwb5B8EfVCF5uwg

Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana 

Kristina Smallhorn Is Your Real Estate Whisperer For Ascension Parish




Kristina Smallhorn Headshot
Author:
Phone: 225-246-1812
Dated: October 30th 2017
Views: 275
About Kristina: I have said it many times, I’m not a set-the-world-on-fire type of Real Estate agent. Instead I wo...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Baton Rouge Still A Sellers Market - The Baton Rouge real estate,
5 Criteria For Pricing A Home - When you put your home up for,
Dont Sign Up For A Mortgage Loan Before You Read This - The Easiest Way to Get A Mortgage
17869 British Lane Baton Rouge LA 70810 For Sale - 17869 British Lane, Baton Rouge,

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp - Licensed by Louisiana Real Estate Commission

Baton Rouge, LA
225-435-4937