La. Admin. Code tit. 61 § V-121

Current through Register Vol. 50, No. 6, June 20, 2024

Section V-121 - Reappraisal

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.

La. Admin. Code tit. 61, § V-121

Promulgated by the Department of Revenue and Taxation, Tax Commission, LR 8:102 (February 1982), amended LR 10:921 (November 1984), LR 15:1097 (December 1989), LR 16:1063 (December 1990), amended by the Department of Revenue, Tax Commission, LR 34:677 (April 2008), Amended by the Office of the Governor, Division of Administration, Tax Commission, LR 43649 (4/1/2017), Amended LR 46560 (4/1/2020), Amended LR 481518 (6/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:2331.