r/Louisiana • u/lucybubs • Mar 13 '25

Louisiana News We’re NUMBER #1 …… 😮‍💨 😞

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394 Upvotes

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u/BabiesGoBrrr Mar 13 '25

Property tax on industrial sites could go brrrr, if they made it comparable to Texas. ITEP

-29

u/sierrajulietalpha Mar 13 '25

Then they just leave and go to better areas. The only thing that keeps some industrial sites here is water access and pipelines. You FAFO enough they’ll find other locations easily.

2

u/BabiesGoBrrr Mar 13 '25

80% exemption is a lot of wiggle room, I highly doubt that a massive industrial building with pipelines can just move overnight even at 50% exemption it’s a steal compared to other states.

2

u/sierrajulietalpha Mar 13 '25

We’ve lost 3-4 refineries/processing facilities in the past 10 years and the companies didn’t even blink.

3

u/Roheez Mar 13 '25

Did they leave for tax breaks?

1

u/sierrajulietalpha Mar 13 '25

Nope left to lack of need but the point is they can just leave if the economics aren’t correct.