As announced in Louisiana Tax Commission Statewide Advisory 03-2021 on Hurricane Ida, pursuant to La. R.S. 47:1978.1, Louisiana Assessors in Parishes affected by Hurricane Ida have to reassess property for purposes of the upcoming annual property tax bills to take into account any reductions in fair market value to property as a result of hurricane damages.  If your taxable Louisiana property sustained damages due to the hurricane that you believe could result in a reduction in the fair market value of the properties, this is an option to reduce your next property tax bill.  If so, you need to act now to present evidence of the reduction in value and attempt to have the appropriate Parish Assessor reduce the assessed value.

If you have questions, please reach out to a member of the firm’s Tax team. You can reach out to Jim Exnicios at jexnicios@liskow.com, Bob Angelico at rsangelico@liskow.com, or Jeff Birdsong jbirdsong@liskow.com.

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Photo of James C. Exnicios James C. Exnicios

Jim Exnicios is an experienced business lawyer and Board Certified Tax Specialist.  Jim provides business and tax advice on complex transactions.  Jim has also represented numerous multinational and multistate businesses and estates before the Internal Revenue Service, the State of Louisiana Department of…

Jim Exnicios is an experienced business lawyer and Board Certified Tax Specialist.  Jim provides business and tax advice on complex transactions.  Jim has also represented numerous multinational and multistate businesses and estates before the Internal Revenue Service, the State of Louisiana Department of Revenue and numerous local taxing authorities in complex audits and litigation.  He also provides planning and due diligence for clients during their merger or acquisition transactions.

Photo of Robert S. Angelico Robert S. Angelico

Bob Angelico is a nationally known business lawyer with years of experience helping top-tier companies with sophisticated state and local tax issues throughout Louisiana.  As the head of the firm’s tax practice group, Bob works to minimize the taxes of his clients, which…

Bob Angelico is a nationally known business lawyer with years of experience helping top-tier companies with sophisticated state and local tax issues throughout Louisiana.  As the head of the firm’s tax practice group, Bob works to minimize the taxes of his clients, which include manufacturers, retailers, wholesalers, non-profits, construction businesses and other entities of all types and sizes.

Photo of Jeffrey P. Birdsong Jeffrey P. Birdsong

Jeff Birdsong is an associate in the firm’s New Orleans office, practicing in the areas of nonprofit law and federal, state, and local taxation.

Jeff helps individuals and companies analyze tax consequences for an array of transactions and works to resolve individual and…

Jeff Birdsong is an associate in the firm’s New Orleans office, practicing in the areas of nonprofit law and federal, state, and local taxation.

Jeff helps individuals and companies analyze tax consequences for an array of transactions and works to resolve individual and corporate income tax, franchise tax, property tax, and sales tax disputes.

He also counsels nonprofit and tax-exempt organizations in obtaining tax exemptions, structuring internal governance, and planning related to intermediate sanctions and unrelated business income.