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Taxes

personal property tax

Many states assess a personal property tax on certain items of personal property such as motor vehicles, boats, and aircraft. Business personal property taxes—taxes on tangible personal property items that are used to produce income—are often referred to as ad valorem taxes.

In Louisiana (LA), personal property is generally not subject to a state property tax. Unlike many other states, Louisiana does not assess a personal property tax on items such as motor vehicles, boats, and aircraft for individual taxpayers. However, businesses in Louisiana are subject to local ad valorem taxes on their movable property, which is considered business personal property. This includes items used in a business to produce income, such as machinery, equipment, and inventory. The local governments (parishes) in Louisiana are responsible for assessing and collecting these taxes. The tax rates and exemptions can vary by parish, so businesses must check with local tax assessors for specific information on ad valorem taxes in their area.

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Taxes

personal property tax

Individual & Family Legal Plan

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Louisiana State Code

Taxes

personal property tax

Articles