News / Article

Orleans Parish school district officials push rolling forward of property taxes

Source: nola.com - Nov 6, 2019

Officials with the Orleans Parish school district will ask School Board members next month to keep the district’s property taxes at their current rate, thereby raising school funding due to a sharp increase in property values that would bring in an extra $27.6 million a year for the district.

The Orleans Parish School Board will decide in November whether to keep the district's millage rates the same, via a complicated process called "rolling forward," or reduce them in light of the dramatic increase in assessed property values across the city.

Because thousands of homeowners’ assessments have increased, keeping the total millage rate the same would result in their paying more in taxes.

CLICK SOURCE TO READ ARTICLE

Category: General Business