Louisiana residents missing out on $250M in tax rebates

Thursday, February 21, 2013 - 2:28pm

If you own a home or any other type of property, odds are, there's unclaimed money waiting for you.

More than $250 million is available through the state's "citizens assessment" program.

It offers rebates and tax credits to anyone whose insurance rates went up after Hurricanes Katrina and Rita.

Nearly $200 million has already gone back to the state's general fund, because people didn't claim money that was owed to them from 2006-2008.

But more than two-thirds of the cash in the system is still there.

"Property owners, where they're a Citizens policyholder or have insurance through another company can submit their Citizens rebate claim for assessments paid in 2009-2012," Jim Donelon said. "And tax time is certainly a good time to claim the rebate."

Another tax break that people aren't taking advantage of is for making hurricane safety upgrades to their homes.

And if get your upgrade inspected, you could drop your insurance premium by as much as 20-percent.

Click here for more information or call (800) 259-5300.

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