Thank you to all who voted YES for Amendment #1! There will be No New Transfer Taxes in Louisiana!
The passage of Amendment #1 on November 19 will:
1. Protect your home from double taxation. Most homeowners in Louisiana already pay property taxes. Transfer taxes are simply another tax on the same piece of property.
2. Keep Louisiana free from additional taxes, especially those that unfairly target homeowners and homebuyers.
This is an extremely positive development for residential and commercial consumers of real estate - and good for the overall real estate market and economy in Louisiana.