Louisiana Statutes
§ 47:2321
Louisiana § 47:2321
JurisdictionLouisiana
Title 47Revenue and Taxation
This text of Louisiana § 47:2321 is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 47:2321 (2026).
Text
§2321. Fair market value; defined
Fair market value is the price for property which would be agreed upon between a willing and informed buyer and a willing and informed seller under usual and ordinary circumstances; it shall be the highest price estimated in terms of money which property will bring if exposed for sale on the open market with reasonable time allowed to find a purchaser who is buying with knowledge of all the uses and purposes to which the property is best adapted and for which it can be legally used.
Added by Acts 1976, No. 705, §1, eff. Aug. 4, 1976; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
West Jefferson Levee D. v. Coast Quality
640 So. 2d 1258 (Supreme Court of Louisiana, 1994)
Gisclair v. Louisiana Tax Commission
44 So. 3d 272 (Supreme Court of Louisiana, 2010)
STATE, DEPT. OF TRANSP. & DEV. v. Schwegmann Westside Expressway, Inc.
669 So. 2d 1172 (Supreme Court of Louisiana, 1996)
Erich Sternberg Realty Co., Inc. v. Louisiana Tax Com'n
560 So. 2d 868 (Louisiana Court of Appeal, 1990)
Jones v. Southern Natural Gas Co.
63 So. 3d 1080 (Louisiana Court of Appeal, 2011)
Pioneer Valley Hosp. v. Elmwood Partners LLC
800 So. 2d 932 (Louisiana Court of Appeal, 2001)
Transcontinental Gas Pipeline Corp. v. Louisiana Tax Commission
32 So. 3d 199 (Supreme Court of Louisiana, 2010)
Appeal of ANR Pipeline Co. v. ANR Pipeline Co.
73 So. 3d 398 (Louisiana Court of Appeal, 2011)
EOP NEW ORLEANS v. Louisiana Tax Com'n
831 So. 2d 1005 (Louisiana Court of Appeal, 2002)
Panacon v. Louisiana Tax Commission
747 So. 2d 572 (Louisiana Court of Appeal, 1999)
Warren Energy Resources v. La. Tax Com'n
825 So. 2d 572 (Louisiana Court of Appeal, 2002)
Odom v. Southern Natural Gas Co.
72 So. 3d 437 (Louisiana Court of Appeal, 2011)
Marshall v. Maynard
35 So. 3d 1134 (Louisiana Court of Appeal, 2010)
Williams v. Muses, Ltd. 1
203 So. 3d 558 (Louisiana Court of Appeal, 2016)
Errol G. Williams, Assessor, Parish of Orleans v. Opportunity Homes Limited Partnership and Louisiana Tax Commission
240 So. 3d 161 (Supreme Court of Louisiana, 2018)
Park Esplanade Ltd. Partnership v. Williams
577 So. 2d 1028 (Louisiana Court of Appeal, 1991)
Cook v. Mixon
700 So. 2d 1264 (Louisiana Court of Appeal, 1997)
State v. Moreau
255 So. 3d 618 (Louisiana Court of Appeal, 2018)
Nearby Sections
15
§ 47:2301
§ 47:2301§ 47:2302
Definitions§ 47:2303
Eligibility for use value assessment§ 47:2304
Application for use value assessment§ 47:2305
Loss of eligibility§ 47:2306
Penalties§ 47:2307
Determination of use value§ 47:2309
Effective date; nonapplicability§ 47:2321
§ 47:2321§ 47:2322
Definitions§ 47:2324
Data collection by the assessor§ 47:2325
Forms§ 47:2326
Adoption and approval of formsCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 47:2321, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/47%3A2321.