Louisiana property owners shelled out $1.2 billion for bonds over the years to cover damages caused by Hurricane Katrina. Now the state is urging folks to claim that money back.
It's through the Citizens Assessment Rebate. All property owners are entitled to a rebate worth 4% of their property insurance.
The average rebate is 150-dollars for one year, and you can claim a rebate for as far back as 2009.
Insurance Commissioner James Donelon says more than half of funds go unclaimed because folks simply don't know about the rebates. All that unclaimed money just goes back to the state.
To claim your rebate, fill out a one-page form online at www.revenue.louisiana.gov , or put your rebate towards your sales income taxes this year. Also, call the Louisiana Department of Insurance at 1-800-259-5300.
Below is more information about the Citizens Assessment Rebate and how to apply.