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    September 26, 2020
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VOTE "YES" FOR AMENDMENT 2 AMENDMENT 2 WILL ALLOW OIL AND GAS WELLS TO BE ASSESSED USING ANY OF THE THREE RECOGNIZED VALUATION METHODS, WHEREAS NOW, ASSESSORS ARE ONLY ABLE TO USE TWO. BECAUSE OF SOME CONFLICTING LANGUAGE IN THE STATE CONSTITUTION'S SEVERANCE TAX PROVISION, OIL AND GAS WELLS ARE NOT ABLE TO BE ASSESSED USING THE INCOME APPROACH. THIS HAS CREATED CHALLENGES AS COST OR MARKET DATA MAY BE OUTDATED OR UNRELIABLE, AND OIL & GAS WELLS ARE INCOME- PRODUCING PROPERTIES. A "YES" VOTE FOR AMENDMENT NO. 2 WILL REMOVE THE CONFLICTING LANGUAGE AND ALLOW OIL & GAS WELLS TO BE ASSESSED USING ANY OF THE THREE VALUATION METHODS (COST APPROACH, MARKET APPROACH & INCOME APPROACH), SIMILAR TO HOW OTHER PROPERTY IS ASSESSED IN THE STATE. AMENDMENT NO. 2 IS THE RESULT OF A JOINT EFFORT OF THE ASSESSORS AND THE OIL & GAS INDUSTRY, AND IT IS SUPPORTED BY BOTH. THE ASSESSOR'S ASSOCIATION WOULD RESPECTFULLY ASK FOR YOUR "YES" VOTE FOR AMENDMENT #2. RESPECTFULLY, RICKEY J HUVAL SR, CLA ASSESSOR IBERIA PARISH TAYLOR BARRAS CHIEF DEPUTY IBERIA PARISH VOTE "YES" FOR AMENDMENT 2 AMENDMENT 2 WILL ALLOW OIL AND GAS WELLS TO BE ASSESSED USING ANY OF THE THREE RECOGNIZED VALUATION METHODS, WHEREAS NOW, ASSESSORS ARE ONLY ABLE TO USE TWO. BECAUSE OF SOME CONFLICTING LANGUAGE IN THE STATE CONSTITUTION'S SEVERANCE TAX PROVISION, OIL AND GAS WELLS ARE NOT ABLE TO BE ASSESSED USING THE INCOME APPROACH. THIS HAS CREATED CHALLENGES AS COST OR MARKET DATA MAY BE OUTDATED OR UNRELIABLE, AND OIL & GAS WELLS ARE INCOME- PRODUCING PROPERTIES. A "YES" VOTE FOR AMENDMENT NO. 2 WILL REMOVE THE CONFLICTING LANGUAGE AND ALLOW OIL & GAS WELLS TO BE ASSESSED USING ANY OF THE THREE VALUATION METHODS (COST APPROACH, MARKET APPROACH & INCOME APPROACH), SIMILAR TO HOW OTHER PROPERTY IS ASSESSED IN THE STATE. AMENDMENT NO. 2 IS THE RESULT OF A JOINT EFFORT OF THE ASSESSORS AND THE OIL & GAS INDUSTRY, AND IT IS SUPPORTED BY BOTH. THE ASSESSOR'S ASSOCIATION WOULD RESPECTFULLY ASK FOR YOUR "YES" VOTE FOR AMENDMENT #2. RESPECTFULLY, RICKEY J HUVAL SR, CLA ASSESSOR IBERIA PARISH TAYLOR BARRAS CHIEF DEPUTY IBERIA PARISH