Following the 2016 floods that devastated our community, Livingston Parish Assessor Jeff Taylor gave property owners a reduction on their assessments for tax years 2016, 2017, 2018, and 2019. That reduction totaled 85% over that four-year period, the equivalent of almost one full year of free property taxes.
That savings has allowed parish property owners to put money back into rebuilding their homes and businesses, and reinvesting in our communities.
But those reductions expire this year, meaning that all properties will be assessed at 100 percent of their correct value. For example:
- A home valued at $200,00 was assessed at $160,000 or less each year for the past four years. That home will be assessed at its full value of $200,00 this year.
- A home valued at $350,000 was assessed at $280,000 or less each year for the past four years. That home will be assessed at its full value of $350,000 this year.
- A home valued at $500,000 was assessed at $400,000 or less each year for the past four years. That home will be assessed at its full value of $500,00 this year.
For most of us, returning to the correct assessment will mean an increase on our property tax bill at the end of this year.
But if you’re still rebuilding your home or business, we need to know.
WE WANT TO HELP.
We can extend the reduction for you, but it’s important that you contact our office as soon as possible. The reduction cannot be given unless there is documentation of existing damages.
Contact us at 225-686-7278 as soon as possible.