2010 lat 5 form lafayette parish-2026

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  1. Click ‘Get Form’ to open the 2010 lat 5 form in the editor.
  2. Begin with Section 1, where you will report your inventories and merchandise. Indicate the method of reporting (LIFO, FIFO, etc.) and list your items along with their acquisition costs.
  3. Move to Section 2 for furniture and fixtures. Enter the year of acquisition and item details, including acquisition costs. If necessary, attach additional sheets.
  4. In Section 3, document machinery and equipment similarly by providing the year of acquisition and item costs.
  5. Proceed to Section 4 for leasehold improvements. Fill in the required fields regarding items and their acquisition costs.
  6. Finally, complete Section 5 for consigned goods or rented equipment. Attach a list showing details as specified.
  7. Review all sections for accuracy before signing at the bottom of the form. Ensure that all necessary attachments are included.

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Lafayette Parish Assessor Justin Centanni announces the annual Open Book Period will take place from August 18 through September 2, 2025. During this time, property owners are encouraged to review their assessments and ask questions before values are finalized for the 2025 tax year.
WHAT IS BUSINESS PERSONAL PROPERTY? In Louisiana, ad valorem taxes are levied on the assets used in a business. This includes inventory or merchandise, furnishings, fixtures, machinery, and equipment.
409. A. Time for Payment. Taxes assessed shall be due in that calendar year as soon as the tax roll is delivered to the tax collector, and they shall be paid on or before December thirty-first in each respective year.
One more notable feature of the Louisiana property tax is that personal property is taxed, and in particular, commercial inventories are subject to property taxation. Only eight other states tax inventories.
The homestead exemption allows that the first $7500 of assessed value on an owner occupied home will be exempt from property taxation. The homestead exemption is permanent as long as the homeowner continues to own and permanently reside at that location.

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The Lafayette Parish Sheriffs Office Tax Department is located at 1010 Lafayette Street, 4th Floor, Lafayette, LA 70501. The departments phone number is (337) 236-5880 and the mailing address is LPSO Tax Department, P.O. Box 92590 Lafayette, LA 70509.
Louisiana Tax Rates, Collections, and Burdens Louisiana has a 5.5 percent corporate income tax rate. Louisiana also has a 4.45 percent state sales tax rate and an average combined state and local sales tax rate of 9.56 percent.

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