Louisiana Revised Statutes 38:1656 – Limit of tax levy
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Terms Used In Louisiana Revised Statutes 38:1656
- Assessed benefits: means the increased value accruing to lands and other property by reason of the improvements set out in the plan for reclamation. See Louisiana Revised Statutes 38:1601
The total taxes levied, exclusive of taxes levied for interest on bonds, for maintenance, or under La. Rev. Stat. 38:1669, shall not exceed the total assessed benefits as decreed by the court under La. Rev. Stat. 38:1628. The annual installment of taxes shall not exceed in any one year ten per cent of the total taxes levied, exclusive of maintenance taxes and taxes levied under La. Rev. Stat. 38:1669.