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The Assessor is required by the Louisiana Constitution to list and value all property subject to Ad Valorum Taxation on an assessment roll each year. The assessed value is a percentage of "fair market value" or "use value". The property is assessed on the percentage of values as follows:
LAND - 10% of "fair market value" or "use value"
RESIDENTIAL IMPROVEMENTS - 10% of "fair market value"
COMMERCIAL PROPERTY or PERSONAL PROPERTY - 15% of "fair market value"
PUBLIC SERVICE PROPERTY - 25% of "fair market value" Electric Cooperative Properties - 15% of "fair market value"
(These properties are valued and assessed by the Louisiana Tax Commission)
The Natchitoches Parish Assessor's Office must appraise and assess approximately 23,000 parcels of property.
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