Henri owns a home in East Baton Rouge Parish as his primary residence and has the homestead exemption applied. He then marries Yvette, who owns a separate home in the same parish that she uses as her primary residence and on which she also has the homestead exemption. After the marriage, Henri moves into Yvette's home and the couple uses it as their matrimonial domicile. What is the correct outcome regarding the homestead exemptions on both properties?
Correct Answer
A) Only one homestead exemption may be claimed by the married couple, applicable to their shared primary residence
Under Louisiana law and the Louisiana Constitution Article VII, Section 20, the homestead exemption is limited to one exemption per family unit on a single bona fide primary residence. Once Henri and Yvette marry and establish a shared matrimonial domicile at Yvette's home, only that property qualifies as their primary residence. Henri's former home is no longer his primary residence, so he loses the homestead exemption on it. A married couple may not claim two homestead exemptions simultaneously on two different properties. The exemption follows the primary residence of the household.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Various programs and exemptions exist to reduce the property tax burden for specific groups, such as seniors, homesteaders, or veterans.
A transfer tax is a tax imposed on the transfer of ownership of real estate.
Reconciliation is the final step in the appraisal process where the appraiser analyzes the value indications from all applicable approaches and arrives at a single final opinion of value. It is not a simple average of the three values.
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