City Issues Property Tax Reminder

NEW ORLEANS— The City of New Orleans issued an important property tax reminder. At the end of April, residents will receive a supplemental property tax bill with payment due May 31. On Dec.10, 2016, New Orleans voters approved a new property tax millage for fire protection and renewed a tax dedicated to drainage projects.

         The fire millage will continue through Dec. 31, 2028, and will yield an estimated $8.9 million per year. This will ensure firefighters are paid what they are owed, city reps said. It is estimated that property tax bills will rise by just $25 for every $100,000 of a home’s value.

         The drainage millage is a property tax renewal and will stay in effect through Dec. 31, 2046. This will provide the necessary funding needed to maintain the Sewerage & Water Board’s drainage system, and the construction and extension of its operating system, the second largest in the world, city reps said. These continued improvements have contributed to 97 percent of the city’s homeowners receiving reduced flood insurance premiums, they said.

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         A homeowner with a residential property worth $350,000 who qualifies for homestead exemption has previously paid approximately $128 a year under the current property tax rate, but will now pay approximately $122 under the new property rate, city reps said.


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