Louisiana Administrative Code › Title 61 - REVENUE AND TAXATION › Part V - Ad Valorem Taxation › Chapter 35 - Miscellaneous › Section V-3517 - Tulane University-Reporting and Valuation Procedure

Current through Register Vol. 50, No. 6, June 20, 2024
A. With respect to all Tulane University
				properties, all tax assessors, boards of review, and related governmental
				entities shall operate according to the following administrative procedures and
				time line.
1. On or before June 30 of each
				year, Tulane University shall deliver, in writing, to the commission and the
				tax assessor for each municipal district/parish in which Tulane University owns
				non-exempt property a report on each non-exempt property on Louisiana Tax
				Commission Form TC-TU01-A.
2. Each
				year, on or before the date the roll opens for public review and inspection,
				each tax assessor shall complete, sign and deliver to Tulane University and the
				Commission, Louisiana Tax Commission Form TC-TU01-B for each property submitted
				on Louisiana Tax Commission Form TC-TU01-A and each property in such tax
				assessor's jurisdiction that the tax assessor intends to assess as non-exempt
				property, showing the proposed fair market value and assessed value of the land
				and of the improvements for each such property. The tax assessor shall
				determine one assessed value for the land and one assessed value for the
				improvements.
3. Should Tulane
				University agree with the fair market value and assessed value of each land
				parcel and the fair market value and assessed value of each improvement
				proposed by the tax assessor, then Tulane University shall sign each form and
				forward it to the commission and each respective tax assessor. Should Tulane
				University disagree with the Fair Market Value and Assessed Value of each Land
				Parcel and the fair market value and assessed value of each improvement
				proposed by the tax assessor, then Tulane University shall note its objection
				on each form and forward it to the commission and each respective tax
				assessor.
4. All tax assessors may
				make reasonable inquiry of Tulane University in an effort to determine all
				property owned by Tulane University within the tax assessor's
				jurisdiction.
5. All tax assessors
				shall list all non-exempt property as exempt and indicate the tax assessor's
				proposed fair market value of each property in the tax rolls, until the
				allocation formula is applied and approved by the commission and the tax
				assessor receives a change order from the commission.
6. In each board of review certification to
				the commission, the board of review shall list all non-exempt property as
				exempt and indicate the board of review's recommended fair market value of each
				property in the tax rolls, until the allocation formula is applied and approved
				by the commission and the tax assessor receives a change order from the
				commission.
7. All board of review
				decisions on appeals of the proposed assessments by the tax assessor shall be
				delivered to the commission according to standard procedures and deadlines as
				the board of review's recommended assessment.
8.
a. On
				the Tulane hearing date of each year, the commission shall:
i. hold all appeal hearings involving
				non-exempt property;
ii. decide
				each appeal and issue written reasons for decisions on all such appeals;
				and
iii. allocate the Tulane
				exemption across all non-exempt property according to the allocation formula,
				and LTC Form TC-TU02, then order issuance of all supplements and change orders
				of the tax rolls to each reporting municipal district/parish, establishing the
				land parcel assessed value after exemption and the improvement assessed value
				after exemption for each non-exempt property.
b. Upon receipt of said change orders, the
				tax assessor shall adjust the tax rolls to reflect the commission's change
				orders.
9. Nothing in
				these regulations shall alter or diminish in any way Tulane University's right
				to appeal a proposed or actual assessment by any tax assessor or any decision
				or ruling of any board of review or the commission under the administrative and
				judicial remedies available to all taxpayers. The proposed assessment by the
				tax assessor, the board of review's recommended assessment, and the
				commission's determination shall be treated in the same manner as if the
				property were not marked exempt on the tax rolls and the proposed assessment
				was the tax assessor's final assessment on the tax rolls, the board of review's
				recommended assessment and/or the commission's determination was its final
				assessment decision.
10. Nothing in
				these regulations shall alter or diminish in any way Tulane University's right
				or any tax assessor's right to appeal, by all available administrative and
				judicial remedies the commission's allocation of the Tulane
				exemption.
11. After allocation of
				the Tulane exemption and issuance of the requisite supplements and change
				orders by the commission, the total amount of the Tulane exemption allocated to
				each property (as shown in the column entitled "FMV Reduction by Exemption" of
				the Louisiana Tax Commission Form TC-TU02) shall remain unchanged thereafter
				and not be later readjusted, regardless of the outcome of subsequent appeals of
				valuation of assessments for that tax year.