Here's a chart of how much industrial property is exempted in Texas vs. Louisiana as of 2018:
With all Louisiana's wealth in natural resources and industry, WHY DO WE STAY SO POOR?
The Advocate's ground-breaking series on industrial tax exemptions
The Advocate's 3-part series on Louisiana's industrial tax exemption program, "No strings attached," is being recognized as among the best reporting in Louisiana in many years. Links to the series below.
For the online version of each part, click its image below:
The attached letter has been submitted to the East Baton Rouge Parish assessor, providing notice that approximately $400 million in taxable property at four Baton Rouge facilities owned by ExxonMobil appears to have been omitted from the preliminary 2018 assessment list.
If left uncorrected, this apparent omission would result in a one-year loss to East Baton Rouge parish taxing bodies of approximately $5.9 million, including a loss of $2.7 million to the EBR parish public school system in its current fiscal year and a one-year loss of $3.2 million to other parish taxing bodies.