Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part V - Ad Valorem Taxation
Chapter 29 - Public Service Properties
Section V-2909 - Appraisal of Public Service Properties
Universal Citation: LA Admin Code V-2909
Current through Register Vol. 50, No. 3, March 20, 2024
A. In appraising public service properties, the Louisiana Tax Commission shall:
1. employ
all of the following nationally recognized techniques of appraisal, where
applicable, to best determine fair market value:
a. the market approach;
b. the cost approach;
c. the income approach;
2. assign such weight to each approach as is
appropriate to best determine fair market value.
B. All public service properties of the same nature and kind shall be appraised in the same manner. The appraised value of all lands owned by the company in this state shall be deducted from the total appraised value of the public service properties and shall be assessed by the Tax Commission and shown as a separate item on the tax roll (R.S. 47:1853.B).
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1853 and R.S. 47:1855.
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