Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part V - Ad Valorem Taxation
Chapter 1 - Constitutional and Statutory Guides to Property Taxation
Section V-121 - Reappraisal
Current through Register Vol. 50, No. 9, September 20, 2024
A. Real property, as defined in R.S. 47:2322, shall be reappraised at least every four years in accordance with the uniform valuation date and quadrennial reappraisal cycle as determined by the Tax Commission.
B. Personal property, as defined in R.S. 47:2322, shall be reappraised every year.
C. Incorporeal real or immovable property, as defined in R.S. 47:2322 and R.S. 47:1702, shall be reappraised once every four years.
D. Taxable intangible public service properties, bank stocks, and credit assessments on premiums written in Louisiana by insurance companies and loan and finance companies, per R.S. 47:1709 or incorporeal personal or movable property, as defined in R.S. 47:1702, shall be reappraised every year.
E. Public service property, as defined in R.S. 47:1851, shall be reappraised every year.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:2331.