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re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 2:42 pm to rowbear1922
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.
Posted on 8/16/23 at 2:45 pm to jizzle6609
The field is destroyed with the amount of times you have moved the goalposts in here
Posted on 8/16/23 at 2:48 pm to jizzle6609
quote:
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?
Just a real quick google search comes back with the avg property tax in CP is 0.35% the lands value.
Another quick search of land for sale in CP comes back with 1,658 acres for sale (much smaller than at least the project I’m on) for $5.4M. At 0.35%, that comes out to $18,550 a year in property tax
Yea, I think over $100k a month in sales tax easily makes up for the property tax
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