Section 47:1719 - [See Note] Adjustment of Ad Valorem Tax MillagesA. Adjustments. Except as otherwise permitted in this Section, the total amount of ad valorem taxes collected by any taxing authority in the year in which the reappraisal and valuation provisions of Article VII, Section 32(F) of the Constitution of Louisiana are implemented shall not be increased or decreased because of a reappraisal or valuation or increases or decreases in the homestead exemption above or below the total amount of ad valorem taxes collected by that taxing authority in the year preceding implementation of the reappraisal and valuation. To accomplish this result, the provisions of millage adjustments pursuant to Article VII, Sections 32 and 34 of the Constitution of Louisiana and R.S. 47:1718 shall be mandatory. Thereafter, following implementation of each subsequent reappraisal and valuation required by Article VII, Section 32 of the Constitution of Louisiana, the millages as fixed in each such implementation shall remain in effect unless changed as permitted by Subsection B of this Section.B. Increases Permitted. Nothing herein shall prohibit a taxing authority from collecting, in any subsequent year, a larger dollar amount of ad valorem taxes by levying additional or increased millages as provided by law or placing additional property on the tax rolls. Increases in the millage rate in excess of the rates established as provided by Subsection A of this Section but not in excess of the prior year's maximum authorized millage rate may be levied by two-thirds vote of the total membership of a taxing authority without further voter approval but only after a public hearing held in accordance with the open meetings law; however, in addition to any other requirements of the open meetings law, public notice of the time, place, and subject matter of such hearing shall be published on two separate days no less than thirty days before the public hearing. The public notice shall be published in the official journal of the taxing authority, and another newspaper with a larger circulation within the taxing authority than the official journal of the taxing authority, if there is one.C. Implementation of the provisions of this Section shall neither trigger nor be cause for a reappraisal of property or an adjustment of millages pursuant to Subsection B of this Section.D. Application. This Section shall not apply to millages required to be levied for the payment of general obligation bonds.Added by Acts 2024EX3, No. 12,s. 1, eff. .