06 Jul How is property assessed?

LAND – 10% of “Fair Market Value”
RESIDENTIAL IMPROVEMENTS – 10% of “fair market value”
COMMERCIAL PROPERTY – (Including personal property) – 15% of “Fair Market Value” (NOTE: Commercial land is assessed at 10% of “Fair Market Value”.)

The St. Tammany Parish Assessor’s Office must appraise and assess approximately 102,000 parcels of property. All public service properties are assessed by the Louisiana Tax Commission.
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