07 Jul What Is The Relationship Between Market Value And Assessed Value For Property In Louisiana?
|Improvements for Residential||10%|
|Improvements for Commercial||15%|
|Business Movable Property (Personal)||15%|
|Public Service (Excluding Land)||25%|
Bonafide agricultural, horticultural, marsh, and timberlands as defined by Revenue Statues shall be assessed for tax purposes at 10% of use value rather than market value. The Louisiana Tax Commission sets these values.