LAC 61:V.2503 — Tables Ascertaining Economic Lives, Percent Good and Composite Multipliers of Business and Industrial Personal Property

A. Suggested Guideline For Ascertaining Economic Lives of Business and Industrial Personal Property. The following alphabetical list includes most of the principal activities and types of machinery and equipment used in business throughout this state. The years shown represent an estimate of the average economic life of the equipment as experienced by the particular business or industry. The actual economic life of the assets of the business under appraisal may be more or less than the guidelines shown. The assessor must use his best judgment in consultation with the property owner in establishing the economic life of the property under appraisal.
1. Suggested Guidelines for Ascertaining Economic Lives of Business and Industrial Personal Property
B. Cost Indices
*Reappraisal Date: January 1, 2024 – 2258.7 (Base Year)
C. Percent Good
D. Composite Multipliers 2025 (2026 Orleans Parish)
1. Data sources for tables are:
a. Cost Index―Marshall and Swift Publication Co.;
b. Percent Good―Marshall and Swift Publication Co.;
c. Average Economic Life―various.
E. Values for Carbon Sequestration Wells and Related Wells*
* Applicable to carbon sequestration wells, monitoring wells, and related service wells.