Constitutional Amendment?

by Chris on July 29, 2013

There is a glimmer of hope coming from the Louisiana legislature. Recent enactments seek an amendment to Article VII Sec. 25 of the Louisiana Constitution. The subject changes can be found in Louisiana House Bill 256, which proposes a shortened redemption period for abandoned property sold for unpaid ad valorem taxes. If passed, the three year period will be reduced to twelve months on a state-wide basis. The Louisiana Constitution currently authorizes an eighteen month redemption period for blighted property only in the parish of Orleans.

This is exciting news for the tax sale field. Expect more analysis on this change soon. In the meantime educate your friends, families, and neighbors on this amendment.

 

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{ 1 comment }

N Phillips August 12, 2013 at 3:30 PM

This is exciting news and I hope the amendment passes. However, the citizens of Louisiana have been reluctant to pass constitutional amendments to the tax sale regime in the past.

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