Louisiana HB570 allows taxing authorities to set lower millage rates while retaining the ability to adjust to maximum rates after reassessment.
HB570 modifies Louisiana's ad valorem tax laws, allowing taxing authorities to set millage rates lower than the maximum authorized rate without losing the ability to adjust to the maximum after reassessment. If a taxing authority does not increase its millage rate to the maximum authorized rate, it permanently loses the ability to adjust to the maximum rate from the prior year's reassessment.
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