Together Baton Rouge/IAF: Minority owned businesses pay three times Higher Property Taxes Than Exxonmobil

New study shows minority-owned businesses in Baton Rouge pay 3 times higher property taxes than ExxonMobil A new analysis of the property tax rolls in Baton Rouge shows stark disparities in business property tax rates, driven mainly by industrial tax exemptions.
KEY FINDINGS OF THE REPORT:

• Industrial tax exemptions benefit .16% of EBR Parish businesses, but increase property taxes for 99.84% of businesses

• The average EBR Parish business pays 2.4 TIMES as much on the dollar in property taxes as ITEP-exempt businesses ($16.26 vs. $6.83 per $1K property)

• The average minority-owned business pays 2.9 TIMES as much on the dollar as the parish's most valuable property (ExxonMobil’s Baton Rouge Refinery)

• Homeowners pay 1.6 TIMES higher property taxes as ExxonMobil -- after the homestead exemption

Download the full study here
Check out the "Who pays more?" search tool at: PROPERTYSEARCH.TOGETHERBR.ORG

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