![]() *****See Industrial Property Tax Exemption incentive program under Local Taxes and Fees in Ascension Parish section below. ****Fair Market Valuation prior to the reduction of $75,000 for the Homestead Exemption. *** Assumes the property is located in the portion of the Parish that has the highest combined millage rates for the various taxing authorities. **Assumes that the property is located in a hypothetical portion of the Parish in which the Parish-wide average total millage would apply. *Assumes the property is located in that portion of the Parish that has the lowest combined millage rate for the various taxing authorities. ![]() Sample Property Tax Rates in Ascension Parish as a Percent of Fair Market Value Property Type/Fair Market ValueĬommercial/Industrial Buildings, Machinery, Equipment & Fixtures***** This exemption is not factored into the above calculation. ***See Industrial Property Tax Exemption incentive program under Local Taxes and Fees in Ascension Parish section below. **Calculation includes a reduction in Assessed Value of $7,500 under Ascension Parish’s Homestead Exemption program. *Calculation based on the Parish-wide average millage rate of 115.00. Sample Property Tax Calculations for Ascension Parish Property Type ![]() See below for Sample Property Tax Calculations in Ascension Parish. The current average Parish-wide millage rate is 115.00. This is due to the fact that in addition to certain Parish-wide millages for schools and other services, additional millages are applied against taxable assets located within a municipality and-or in certain special service districts which provide fire protection, drainage, flood control, water, street lighting and-or other services. In which the asset is located X_Īpplicable millage rates vary from one physical location in the Parish to another. For example, some communities utilize rollbacks when a piece of property converts from an agricultural to a commercial or industrial use.Īscension Parish discounts the first $75,000 in Fair Market Value for residential property.Īnnual property taxes on a given asset are calculated utilizing the following formula:įair Market Value of Asset: $_ Rollback Taxes are often employed by other areas to collect a higher rate of taxes for a defined “lookback period” of several years when a change in land use occurs in which the new use results in a higher assessment rate. There are no Rollback Taxes in Ascension Parish. The Parish is required by Louisiana law to undertake reassessment every four (4) years. Commercial property is allowed to reach a base value of 20% of orignial value while the floor for industrial property is 30%.
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