§ 47:1855 — Allocation of assessed value

Louisiana § 47:1855

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§1855. Allocation of assessed value
A. For the purposes of taxation by local taxing units in this state, the Louisiana Tax
Commission shall allocate the assessed valuation of each company among the local taxing
units in accordance with the provisions of this Section on or before September first of each
calendar year.
B.(1) The situs of immovable and other movable property shall determine the local
taxing unit to which the assessed value of this property is assigned.
(2) For purpose of public service properties, the situs of stored natural gas shall be
the parish in which such natural gas is stored and located. Such natural gas shall be
appraised at its fair market value, assessed at twenty-five percent of its fair market value, and
allocated to the parish of its situs according to the same assessment methods and practices
in effect on December 31, 1994.
C. The assessed value of major movable property of a railroad company shall be
allocated among the parishes and municipalities according to the ratio by which the assessed
value of the company's immovable and other movable property in the parish or municipality
bears to the aggregate assessed value of all the company's immovable and other movable
property in the state to be there subject to all state taxes, and to all parish taxes levied and
effective throughout the governmental boundaries of such entire parish only, and to all
municipal taxes levied and effective throughout the governmental boundaries of such entire
municipality only, and to all parish school taxes levied and effective throughout the
governmental boundaries of such entire parish only, and to all municipal school taxes levied
and effective throughout the governmental boundaries of such entire municipality only, and
to school taxes levied by the Bogalusa and Monroe school districts, and to none other.
D. With respect to any company operating both inside and outside this state, the
apportionment of the appraised value of the property which shall be assessed in this state
shall be determined by one or the average of two or more of the following percentages:
(1) The miles of all company track within this state divided by the miles of all
company track everywhere.
(2) The investment in company property within this state divided by investment in
company property everywhere.
(3) Company operating revenues in this state divided by company operating revenues
everywhere.
(4) The number of company revenue ton miles in this state divided by the number
of company revenue ton miles everywhere.
(5) The number of company car and locomotive miles, both loaded and empty, in this
state divided by the number of company car and locomotive miles, both loaded and empty,
everywhere.
(6) The miles traveled by air or water by company property within this state divided
by the miles traveled by air or water everywhere.
(7) The miles of all company pipelines (converted to one equivalent sized pipe)
within the state, divided by the miles of all of the company's pipelines (converted to one
equivalent sized pipe) everywhere.
E. The Louisiana Tax Commission shall eliminate or adjust one or more of the
above factors in any instance in which the use thereof does not accurately reflect the fair
market value assignable to company property within this state. In such instance, the
commission shall retain in the record of the appraisal the analysis used to make the
determination that one or more of the factors established in Subsection D of this Section
were not utilized in the allocation of assessed value.
F. The appraised value of all land owned by the company in this state shall be
deducted from the appraised value of all property of the company in this state.
G.(1) Major movable or other movable property owned or used in Louisiana by a
barge line or towing company not a resident of, nor domiciled in Louisiana, and having no
agent or office in Louisiana shall be allocated for the purpose of ad valorem taxation to the
local taxing unit in which the company has its primary business connections. Any value not
allocated to any other parish shall be allocated to East Baton Rouge Parish. Business
connections shall include but shall not be limited to use of port facilities, repair facilities,
storage facilities, and the like. The Louisiana Tax Commission may adopt rules and
regulations to further define business connections, and define primary business connections.
(2)(a) Except as provided herein, for those companies not provided for in Paragraph
(1) of this Subsection, major movable or other movable property owned or used in Louisiana
by a company not a resident of, nor domiciled in Louisiana, and having no agent or office in
this state shall be allocated according to the following ratio:
(i) The numerator of which is the number of miles of active railroad track within a
parish.
(ii) The denominator of which is the total number of miles of active railroad track in
the state of Louisiana.
(b) The miles of active railroad track shall be based upon the latest information
published by the Louisiana Department of Transportation and Development.
(c) If an assessor certifies to the Louisiana Tax Commission that certain identifiable
major movables were present in his parish as of January first, the commission shall allocate
the value of the major movables to the certifying parish. The remainder of the assessed value
shall be allocated as provided in Subparagraph (a) of this Paragraph.
(d) The Louisiana Tax Commission shall annually publish the total number of miles
of active railroad track in the state of Louisiana and the number of miles of active railroad
track within each parish used to determine the ratio as provided in Subparagraph (a) of this
Paragraph.
(e) The allocation methodology provided for in Subparagraph (a) of this Paragraph
shall be implemented as follows:
(i) For the taxable period beginning on January 1, 2026, twenty-five percent of the
assessed value shall be allocated to Louisiana parishes in accordance with the allocation
methodology provided in Subparagraph (a) of this Paragraph and seventy-five percent shall
be allocated to East Baton Rouge Parish.
(ii) For the taxable period beginning on January 1, 2027, fifty percent of the assessed
value shall be allocated to Louisiana parishes in accordance with the allocation methodology
provided in Subparagraph (a) of this Paragraph and fifty percent shall be allocated to East
Baton Rouge Parish.
(iii) For the taxable period beginning on January 1, 2028, seventy-five percent of the
assessed value shall be allocated to Louisiana parishes in accordance with the allocation
methodology provided in Subparagraph (a) of this Paragraph and twenty-five percent shall
be allocated to East Baton Rouge Parish.
(iv) For taxable periods beginning on or after January 1, 2029, one hundred percent
of the assessed value shall be allocated to Louisiana parishes in accordance with the
allocation methodology provided in Subparagraph (a) of this Paragraph.
H. Major movable or other movable property owned or used in Louisiana by a
company having an agent or office in this state shall be allocated to the taxing unit in which
that agent or office is located.

Legislative History

Acts 1976, No. 703, §1; Acts 1989, No. 411, §1, eff. Jan. 1, 1990; Acts 1990, No. 410, §1; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994; Acts 1995, No. 370, §1, eff. July 1, 1995; Acts 2018, No. 591, §1; Acts 2025, No. 470, §1, eff. July 1, 2025.