2022-10-11_How Reforms Have Increased Local Revenues

	A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R
1		HOW ITEP REFORMS HAVE INCREASED LOCAL REVENUES
2		2021 PROPERTY TAX IMPACT — TOP 20 PARISHES
3	Statewide Total	+ $282.5M	34%	+ $112.9M	+ $54.5M	+ $43.7M	+ $14.6M	+ $12.9M	+ $10.7M	+ $8.2M	+ $7.4M	+ $7.1M	+ $6.4M	+ $3.9M	+ $16.9B	37%	50%	+ $2.3B
4
5	Parish	New revenue from reforms	New revenue as % of total pre-reform collections	Schools	Law Enforcement	Parish and Other	Libraries	Fire	Drainage, Water & Sewer	Hospitals & Healthcare	Roads	Levees	Recreation	Emergency Services	Value of Industrial Property Added to the Tax Rolls	Industrial Property % Taxable 2016	Industrial Property % Taxable 2021	Revenue still being lost to ITEP

6	St John the Baptist	+ $42.4M	84%	+ $13.8M	+ $11.8M	+ $11.2M	+ $3.3M	-	-	+ $339K	-	+ $1.2M	+ $762K	-	+ $2.2B	14%	68%	+ $25.8M
7	St Charles	+ $37.0M	25%	+ $17.4M	+ $6.8M	+ $2.8M	+ $1.4M	+ $481K	+ $666K	+ $1.9M	+ $1.9M	+ $2.4M	+ $925K	+ $296K	+ $2.1B	38%	51%	+ $107.1M
8	Cameron	+ $25.9M	78%	+ $7.2M	+ $5.0M	+ $2.5M	+ $778K	+ $1.3M	+ $2.6M	+ $1.3M	+ $1.3M	-	+ $1.5M	+ $2.4M	+ $1.3B	1%	3%	+ $853.1M
9	Calcasieu	+ $25.5M	12%	+ $6.1M	+ $5.1M	+ $6.1M	+ $1.4M	+ $1.4M	+ $1.8M	+ $1.4M	+ $892K	-	+ $1.1M	-	+ $1.7B	51%	9%	+ $819.2M
10	West Baton Rouge	+ $17.7M	52%	+ $9.2M	+ $2.6M	+ $2.4M	+ $671K	-	+ $1.2M	+ $124K	-	+ $653K	+ $830K	-	+ $1.1B	11%	48%	+ $23.3M
11	Caddo	+ $17.5M	7%	+ $9.5M	+ $3.0M	+ $2.6M	+ $1.2M	+ $806K	-	+ $298K	+ $105K	-	-	-	+ $790.3M	37%	91%	+ $3.9M
12	Ascension	+ $15.2M	12%	+ $8.7M	+ $2.2M	+ $1.2M	+ $789K	+ $562K	+ $744K	+ $562K	-	+ $501K	-	-	+ $978.5M	24%	26%	+ $123.1M
13	Iberville	+ $14.2M	23%	+ $7.9M	+ $3.0M	+ $1.0M	+ $539K	+ $57K	+ $680K	-	-	+ $525K	+ $411K	-	+ $949.1M	23%	29%	+ $88.4M
14	St James	+ $12.9M	23%	+ $5.3M	+ $3.2M	+ $1.3M	+ $361K	+ $541K	+ $361K	+ $567K	+ $593K	+ $438K	+ $116K	+ $155K	+ $788.5M	40%	45%	+ $34.1M
15	Rapides	+ $12.8M	14%	+ $5.2M	+ $2.0M	+ $1.5M	+ $832K	+ $1.6M	+ $166K	+ $128K	+ $883K	+ $269K	+ $256K	-	+ $966.4M	26%	74%	+ $10.1M
16	West Feliciana	+ $11.1M	49%	+ $4.5M	+ $1.9M	+ $3.1M	+ $277K	+ $753K	-	+ $199K	-	-	-	+ $266K	+ $822.0M	77%	88%	+ $3.5M
17	East Baton Rouge	+ $10.0M	2%	+ $3.8M	+ $1.3M	+ $2.6M	+ $922K	+ $892K	-	+ $120K	-	+ $20K	-	+ $271K	+ $732.6M	37%	60%	+ $31.0M
18	Jefferson	+ $7.8M	2%	+ $2.1M	+ $898K	+ $1.3M	+ $421K	+ $1.3M	+ $1.3M	+ $156K	-	+ $390K	-	+ $8K	+ $328.6M	42%	55%	+ $18.4M
19	St Bernard	+ $7.7M	17%	+ $2.3M	+ $1.7M	+ $1.1M	+ $207K	+ $1.5M	+ $169K	+ $31K	+ $169K	+ $384K	+ $123K	-	+ $366.9M	25%	52%	+ $12.1M
20	Natchitoches	+ $4.6M	16%	+ $1.4M	+ $927K	+ $790K	+ $404K	+ $303K	-	+ $152K	+ $179K	+ $124K	-	+ $271K	+ $324.9M	49%	82%	+ $1.9M
21	St Mary	+ $3.1M	5%	+ $1.2M	+ $400K	+ $356K	+ $146K	+ $84K	+ $480K	+ $133K	-	+ $155K	+ $105K	-	+ $178.8M	55%	60%	+ $9.3M
22	Allen	+ $3.0M	21%	+ $981K	+ $421K	+ $286K	+ $215K	+ $182K	+ $39K	+ $140K	+ $525K	-	+ $110K	+ $87K	+ $174.3M	9%	89%	+ $413.0K
23	De Soto	+ $2.8M	4%	+ $1.5M	+ $317K	+ $177K	-	+ $314K	+ $154K	-	+ $152K	-	-	+ $202K	+ $167.7M	38%	52%	+ $10.5M
24	Webster	+ $2.5M	9%	+ $1.2M	+ $402K	+ $320K	+ $286K	+ $209K	-	-	+ $72K	-	-	-	+ $167.2M	4%	57%	+ $2.0M
25	Ouachita	+ $2.5M	2%	+ $1.0M	+ $547K	+ $238K	+ $196K	+ $265K	-	+ $57K	-	+ $89K	+ $42K	-	+ $123.3M	45%	58%	+ $5.7M
66	All other parishes	+ $6.4M	2%	+ $2.5M	+ $892K	+ $742K	+ $207K	+ $343K	+ $344K	+ $628K	+ $701K	-	+ $117K	+ $17K	+ $323.9M	40%	48%	+ $81.1M
67	Statewide Total	+ $282.5M	34%	+ $112.9M	+ $54.5M	+ $43.7M	+ $14.6M	+ $12.9M	+ $10.7M	+ $8.2M	+ $7.4M	+ $7.1M	+ $6.4M	+ $3.9M	+ $16.6B	37%	50%	+ $2.3B
68
69			Notes: Analysis includes 206 companies that applied for Industrial Tax Exemptions: the top 100 recipients of ITEP dollars exempted statewide from 2016-2021, the top two recipients from each parish and significant companies in each parish for which TLA has collected data. These companies represent 95% of exempt property over the study period. Catahoula, Franklin, Madison and Tensas parishes are not represented because no companies in those parishes received ITEP exemptions during the study period. Parishwide and statewide estimates are extrapolated from the study group based on the excluded ITEP exemptions for each parish. 2016 is the baseline year pre-ITEP reform and 2021 is the most recent year tax records are available. ITEP-eligible Taxable Assessed Values come from the Louisiana Tax Commission's online database of parish tax rolls. Values exclude inventory and land, which are not eligible for ITEP exemptions and were not affected by ITEP reform. ITEP-eligible Taxable Fair Market Value is calculated as the inverse of 15% of taxable assessed value (10% for land). Estimated tax revenue is calculated using the taxable assessed values for the given year and the company-specific millage for that company for that year. Parish tax assessors do not reliably list exempt values. As a result, the Exempt Fair Market Values are sourced from the Industrial Tax Exemption Projects Report from LED Fastlane accessed December 2021, with a 20-year depreciation schedule applied. Lost Revenue uses the same millage as estimated tax revenue, applied to the exempt FMV. Distribution of property tax revenue for Lafourche Parish are allocated according to 2020 millages, since 2021 figures are not available. Note that tax years for Orleans Parish are one year ahead of other parishes in the state; tax year 2022 in Orleans Parish is equivalent to tax year in 2021 in the rest of Louisiana.