As the assessor, I am required by the Louisiana Constitution to list and value all property subject to ad valorem taxation on an assessment roll each year. Terrebonne Parish Assessor's Office must appraise and assess approximately 50,000 parcels of property.
Property is assessed as follows:
LAND – 10%
RESIDENTIAL IMPROVEMENTS – 10%
COMMERCIAL IMPROVEMENTS – 15%
PERSONAL PROPERTY – 15%
PUBLIC SERVICE PROPERTY – 25% (assessed by the Louisiana Tax Commission)
The assessor does not raise or lower taxes. The assessor does not make the laws which affect property owners. The Constitution of the State of Louisiana, as adopted by the voters, provides the basic framework for taxation, and tax laws are made by the Louisiana Legislature. The rules and regulations for assessment are set by the Louisiana Tax Commission. The tax dollars are levied by the taxing bodies, such as the council, school board, etc., and are collected by the Sheriff's Office as Ex-Officio Tax Collector.