1. A. In appraising public service properties, the Louisiana Tax Commission shall:

   1. 1. employ all of the following nationally recognized techniques of appraisal, where applicable, to best determine fair market value:

      1. a. the market approach;
      2. b. the cost approach;
      3. c. the income approach;
   2. 2. assign such weight to each approach as is appropriate to best determine fair market value.
2. B. All public service properties of the same nature and kind shall be appraised in the same manner. The appraised value of all lands owned by the company in this state shall be deducted from the total appraised value of the public service properties and shall be assessed by the Tax Commission and shown as a separate item on the tax roll (R.S. 47:1853.B).

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1853 and R.S. 47:1855.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Revenue and Taxation, Tax Commission, LR 19:212 (February 1993).