The assessor is required by the Louisiana Constitution to list and value all property subject to ad valorem taxation on an assessment roll each year. The “ad valorem” taxation means that all property should be taxed “according to value” which is the definition of ad valorem. The assessed value is a percentage of “fair market value” or “use value” as prescribed by law.

Property is assessed as follows:

LAND–10% of its “fair market value” or “use value”

RESIDENTIAL IMPROVEMENTS–10% of “fair market value”

COMMERCIAL PROPERTY–(Including personal property) – 15% of “fair market value” (NOTE: Commercial land is assessed at 10% of “fair market value”.)

The Bossier Parish Assessor’s office must appraise and assess approximately 80,000 parcels of property.  All public service properties are assessed by the Louisiana Tax Commission.