Sinking property tax revenue a concern from sinkhole
BAYOU CORNE - Neighbors of the massive sinkhole in Assumption Parish are packing up and leaving, and parish leaders are worried about the impact it'll have.
Last year the parish lost about $40,000 after giving those forced to evacuate a 90 percent break on their property taxes. Now with them leaving for good, parish leaders fear the loss could be greater.
"Hopefully they buy properties somewhere else in Assumption Parish and rebuild or purchase property that's already there so we don't actually lose everything these 40 something families have given to our parish," said tax accessor, Wayne Blanchard.
So far 44 people accepted buyout offers from Texas Brine, with more expected.
A spokesperson for Texas Brine says once the settlements are completed they will discuss what to do with the vacant lots.
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