Parish President Albert D. Laque submitted his proposed 2007 Ad Valorem tax ordinances to the Parish Council for their consideration on Aug 20.
“This is the sixth consecutive year that I have proposed millage rate reductions,” said Laque.
“The proposed millage rate for 2007 is a 3.77mill decrease from the rate levied in 2001 which equates to over $3 million per year in savings to the property owners since that time,” continued Laque.
Homeowners will see a small decline in their property taxes over last year due to this decrease. A $400,000 house will realize a saving of $3.25 and a house worth $200,000 will save $1.25 on this years’ taxes due to the parish’s most recent reduction of their millage.
“The small drop we had this year isn’t eye-opening but in comparison to 2001 it’s a large decrease,” said Steve Sirman Jr. parish spokesman.
The total millage rate levied in 2001 by the Parish Council was 30.95 mills and the proposed rate for 2007 is 27.18 mills. The Parish Council levied 27.28 mills in 2006. Each district can decide whether or not to keep their portion of the $60 million in excess funds generated from increased home values in the parish.