Louisiana Revised Statutes 9:1131.9 – Tax assessment and payment
Terms Used In Louisiana Revised Statutes 9:1131.9
- Managing entity: means an entity with the duty to manage and operate the timeshare plan and/or the timeshare property. See Louisiana Revised Statutes 9:1131.2
- Owner: means any person who owns or is a co-owner of a timeshare interest. See Louisiana Revised Statutes 9:1131.2
- Timeshare expenses: means any expenditures, fees, charges, or other liabilities for which an owner of a timeshare interest is liable as a result of the ownership of the timeshare interest. See Louisiana Revised Statutes 9:1131.2
- Timeshare interest: means an ownership "timeshare interest" a lease timeshare interest, a timeshare estate, and a timeshare use unless expressly provided otherwise and includes any of the following:
(a) A "timeshare estate" which is the right to occupy a timeshare property, coupled with present ownership or some right to future ownership in a timeshare property or a specified portion thereof. See Louisiana Revised Statutes 9:1131.2
- Timeshare property: means one or more timeshare units subject to the same timeshare plan, together with any common elements or any other immovable property, or rights therein, appurtenant to those units. See Louisiana Revised Statutes 9:1131.2
- Timeshare unit: means a unit which is the subject of a timeshare plan. See Louisiana Revised Statutes 9:1131.2
- Unit: means immovable property, or a portion thereof, designated for separate occupancy. See Louisiana Revised Statutes 9:1131.2
A. All kinds of taxes and special assessments authorized by law shall be assessed against the timeshare property as a single entity unless the timeshare property is subject to the Louisiana Condominium Act, La. Rev. Stat. 9:1121.101 et seq., in which case the taxes and special assessments shall be assessed as provided in La. Rev. Stat. 9:1121.105. Each owner shall pay the taxes and assessments in the same ratio as they share the timeshare expenses.
B. The association, through its managing entity, shall collect each owner’s share of the taxes or special assessments and shall have responsibility for its payment. For purposes of La. Rev. Stat. 9:1131.22, each owner’s share of the taxes or special assessments shall be deemed an assessment for a timeshare interest expense.
C. The assessed value of a timeshare unit shall not exceed the assessed value of a comparable apartment, condominium unit, dwelling, or other accommodation owned by a single owner that is not the subject of a timesharing plan.
Added by Acts 1983, No. 552, §1; Acts 2003, No. 978, §1.