THE NUMBERS ARE IN
Orleans Parish Board of Review Certifies Assessment
Total Taxable value for all of Orleans Parish has increased 15.26% from last year - 2006. While the total value of real property is at its highest level ever as certified by the Orleans Parish Board of Review (BOR), the net taxable value still lags those values certified by the BOR for 2004.
Dragging down the net taxable level is the still decimated tangible personal property roll. Closed hospitals, retail establishments, and car dealerships as well as other commercial businesses who had all their equipment and inventory destroyed will take longer to come back on the taxable roll.
The fact that the net taxable value for all Orleans Parish has increased 10.57% from last year should alleviate some pressure on tax rate for 2007. Since 1999 the taxable value of real estate certified by the BOR has increased 44.15%.
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Source: Orleans Parish Board of Review; Council Fiscal Office
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