Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:2303
Eligibility for use value assessment
In order to be classified as bona fide agricultural, horticultural, marsh or timber land and assessed at its use value under the provisions of Article VII, Section 18(C) of the Louisiana Constitution of 1974, it must meet the definition of bona fide agricultural, horticultural, marsh or timber land as described in R.S. 47:2302 and, in the case of bona fide agricultural, horticultural, or timber land:
# A.
Be at least three acres in size, or have produced an average gross annual income of at least two thousand dollars in one or more of the designated classifications for the four preceding years, and
# B.
The landowner has signed an agreement that the land will be devoted to one or more of the designated uses as defined in R.S. 47:2302.
Source: view the official text
In this chapter (9 sections)
- 47:2301 · Use value; defined
- 47:2302 · Definitions
- 47:2303 · Eligibility for use value assessment
- 47:2304 · Application for use value assessment
- 47:2305 · Loss of eligibility
- 47:2306 · Penalties
- 47:2307 · Determination of use value
- 47:2308 · Louisiana Tax Commission; tables; classifying land; public…
- 47:2309 · Effective date; nonapplicability