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re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 2:34 pm to jizzle6609
Posted on 8/16/23 at 2:34 pm to jizzle6609
quote:
My last question is regarding the property before the exemption was issued. Who was paying the property tax prior?
The property owner. Since it’s undeveloped land, they are only paying the property tax on the value of the land. After the exemption is over, the company is paying for the value of the property after all the upgrades
1
Posted on 8/16/23 at 2:42 pm to rowbear1922
quote:
The property owner. Since it’s undeveloped land, they are only paying the property tax on the value of the land. After the exemption is over, the company is paying for the value of the property after all the upgrades
So would you agree the parish did take a revenue hit then since they are no longer collecting on that tract? This would then reduce the % of taxed land in the parish thus reducing short term budgeted revenue right?
Roger that on the exemption ending.
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