Questionable Baton Rouge property assessments under review by state tax commission

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University House  740 W. Chimes St. Sold for: $108.5 million, October 2015 Assessment: $3.3 million Implied market value*: $33.8 million Assessed value/sale price: 31.2% Potential tax bill**: $1.3 million Actual tax bill: $416,867 Lost parish tax revenue**: $920,319
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The Louisiana Tax Commission is reviewing the tax assessments of more than a dozen commercial properties in East Baton Rouge Parish that are assessed significantly below their most recently recorded s…

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