The Louisiana State Tax Commission is allowing local tax assessors to reduce assessments of Louisiana homes containing tainted Chinese drywall. It is estimated that approximately 4,000 Louisiana homes contain the contaminated sheetrock, which causes home corrosion and health problems.
The St. Tammany Tax Assessor is reducing the value of improvements to property in affected homes by 90 percent, which will give homeowners significant tax relief. To qualify, affected homeowners simply need to provide proof of tainted Chinese drywall in their home.
For the full story, go to WWLTV.com.