What exactly does it mean to have a homestead exemption? Most people know something about the homestead exemption, but not everyone understands all aspects of it. Here are a few basic facts. Any Louisiana citizen is eligible for one and…
The following are excerpts from the IAAO's book Property Appraisal and Assessment Administration. In appraisal, accrued depreciation is the loss in value from reproduction or replacement cost new due to all causes except depletion, as of the date of appraisal. This differs from…
People expect fairness and equity in taxation and rightly so. There is nothing that will upset a taxpayer more than if he or she feels like they are being taxed unfairly. Property taxes are no different. We all benefit from…
