Property Tax Alert: Louisiana

August 2006

Legislation is enacted that authorizes the creation of local and regional economic development districts that have the authority to impose Louisiana local property taxes. The district may levy annually a property tax of up to five mills for public purposes. The tax will be imposed on all taxable property within the boundaries of the participating parish or municipality, or any combination of contiguous participating parishes or municipalities. Any roll forward adjustment of property taxes by the district, as authorized by and in accordance with the Louisiana Constitution, may be adopted only after the governing authority of each participating parish and municipality in the district has, by resolution, approved the proposed amendment.

Please contact Rash & Associates for more information.