Opinion Number

Dear Mr. Bailey:

You requested an Attorney General's opinion regarding the adjustment of millage rates due to a decrease in taxable assessment. You indicate that Ouachita Parish has three properties which were placed on the exempt tax roli, thereby removing a large amount of taxable assessed value in one year. Moving these properties to the exempt tax roll will create a significant loss in tax dollars to local taxing bodies. You question whether a millage rate adjustment can be made because of the value loss in real estate from the previous year.

Article VII, Section 23 of the Louisiana…