Sinking property tax revenue a concern from sinkhole
BAYOU CORNE - While some people living near a giant sinkhole in Assumption Parish are trying to get a fair buyout deal for their property, one concern for the parish are property taxes from that area.
People affected by the Bayou Corne sinkhole were given breaks on their property taxes, cutting their rates by half. This year, the assessor will be able to cut some property tax rates for affected people by 90 percent.
The parish said they lost around $40,000 from the area last year because of those breaks.
News 2's Adrian Pittman gets answers on how that's affecting the parish's bottom line tonight starting at 4 p.m.
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