2006 Louisiana Laws - RS 9:1131.9 — Tax assessment and payment

§1131.9.  Tax assessment and payment

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, R.S. 9:1121.101 et seq., in which case the taxes and special assessments shall be assessed as provided in R.S. 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 R.S. 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.