Originally Posted on The Energy Law Blog
As announced in Louisiana Tax Commission Statewide Advisory 03-2021 on Hurricane Ida, pursuant to La. R.S. 47:1978.1, Louisiana Assessors in Parishes affected by Hurricane Ida have to reassess property for purposes of the upcoming annual property tax bills to take into account any reductions in fair market value to property as a result of hurricane damages. If your taxable Louisiana property sustained damages due to the hurricane that you believe could result in a reduction in the fair market value of the properties, this is an option to reduce your next property tax bill. If so, you need to act now to present evidence of the reduction in value and attempt to have the appropriate Parish Assessor reduce the assessed value.
If you have questions, please reach out to a member of the firm’s Tax team. You can reach out to Jim Exnicios at jexnicios@liskow.com or Bob Angelico at rsangelico@liskow.com.
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