Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part V - Ad Valorem Taxation
Chapter 27 - Guidelines for Application, Classification and Assessment of Land Eligible to be Assessed at Use Value
Section V-2703 - Eligibility Requirements and Application for Use Value Assessment

Universal Citation: LA Admin Code V-2703

Current through Register Vol. 50, No. 9, September 20, 2024

A. In order to be classified as bona fide agricultural, horticultural, marsh or timberland and assessed at its use value under the provisions of Article VII, Section 18(C) of the Louisiana Constitution of 1974, it must:

1. meet the definition of bona fide agricultural, horticultural, marsh or timberland as described in Section 2302 of Title 47 of the Louisiana Revised Statutes of 1950 and the eligibility requirements of R.S. 47:2303; and

2. the owner must file an application, copy included in this Section, (see Form 2703) with the assessor in the parish or district where the property is located, certifying that the property is eligible for use value assessment.

B. In the case of bona fide agricultural, horticultural or timberland:

1. the land must be at least 3 acres in size or have produced an average gross annual income of at least $2,000 in one or more of the designated classifications for the four preceding years; and

2. the landowner must sign an agreement that the land will be devoted to one or more of the designated uses as defined in Section 2302 of Title 47 of the Louisiana Revised Statutes of 1950 and meet the eligibility requirements of R.S. 47:2303.

C. The assessor shall keep the application on file from the date of the application until December 31 of the year following expiration of the last year included in the application (Jefferson and Orleans parishes only) or, loss of eligibility (all parishes), whichever comes sooner.

Form 2703

Application for

Use Value Assessment

Name: ____________________________________________________ Address:___________________________________________________ Description: ________________________________________________

Application is hereby made for a Use Value Assessment on the above land, which is at least three acres in size or has produced an average annual gross income of at least $2,000 in one or more of the designated classifications for four years preceding this application.

NOTE: I hereby certify that this land is (mark type(s) of use):

__________ devoted to production for sale of agricultural or horticultural products in reasonable commercial quantities, or under contract with a government agency restricting its use for such production.

__________ acreage

__________ devoted to production of timber or timber products in reasonable commercial quantities, or has had forest tree cover within the last three years and is not developed or devoted to a non-forest use, or is under contract with a government agency restricting its use for timber production.

___________ acreage

___________ marshland is wetland not devoted to agricultural, horticultural or timber purposes.

salt water marsh __________ acreage

brackish water marsh __________ acreage

fresh water marsh ___________ acreage

This application shall apply for the following four year period:

___________ ___________ ___________ __________

In the event this land ceases to meet the requirements for a Use Value assessment, I will so notify the assessor of this parish within 60 days.

_______________________

Landowner

To Be Completed by Assessor: Approved By:

Class Acres

__________ __________ Assessor

__________ __________ Parish of ____________________

Date

This application, if filed in Jefferson or Orleans Parish, shall apply for the four year period indicated below. If filed for any other parish, it shall apply for the year indicated in the first space and, shall be permanent thereafter.

AUTHORITY NOTE: Promulgated in accordance with LSA-Constitution of 1974, Article VII, §18, R.S. 47:2302, R.S. 47:2303 and R.S. 47:2304.

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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