Landlords: Rent could go up because of CATS tax

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Posted: Apr 26, 2012 10:18 AM by Michael Shingleton
Updated: Apr 26, 2012 10:18 AM
Source: WBRZ

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Topics: CATS, property, tax, rent, going, up

BATON ROUGE - Due to rising property taxes, landlords that own property in the city limits may pass those costs onto renters.

On a $100,000 property, owners will pay an additional $106 a year in property taxes which could send rent up just as high.

Tonight on News 2 at 6pm, some property owners are deciding to increase rent or eat the cost. Some said the may have to in order to stay competitive in the ever-changing renal market.

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