Ad Valorem Assessment & Tax Watch – Update November 21, 2015 Ballot

November 21, 2015 Ballot

Property Tax Related Constitutional Amendments and Local Propositions

 Calcasieu

  • Waterworks Sub. No. W, Wd.3, Dist. No.12 – 10 Mills – BOC – 10 Yrs.

 East Baton Rouge

  • Brownsfield Fire Protection Dist. No. 3 – 10 Mills – MC – 10 Yrs
  • Fire Protection District 6 – 5 Mills – BOC – 9 Yrs.
  • Shenandoah Estates Crime Prev. & Imp. Dist. – $50 Parcel Fee – BOC – 8 Yrs.
  • Southern Heights Nbrhd. Crime Prev. & Imp. Dist. – $100 Parcel Fee – BOC – 10 Yrs.
  • Woodlawn Estates Crime Prev. & Imp. Dist. – $150 Parcel Fee – BOC – 10 Yrs
  • City of Baker – 5% Hotel Tax – CC – Perp

 Ouachita

  • Road Lighting District No. Forty-Six – $75 Service Charge – PJ – 10 Yrs.
  • Town of Sterlington (Police Dept. Millage) – 3.5 Mills – M&BOA – 15 Yrs.
  • Town of Sterlington (Rec. Millage) – 3.5 Mills – M&BOA – 25 Yrs.
  • Town of Sterlington (Rec. S&U) – .5% S&U – M&BOA – Perp.

Rapides

  • Buckeye Recreation District – 6.09 Mills – BOC – 10 Yrs.
  • Fire Protection District No. 10 – 22.59 Mills – PJ – 10 Yrs.
  • PW Sr. Citizens Tax Cont. – 1.06 Mills – PJ – 10 Yrs.
  • Road District No. 3-A Maintenance – 32 Mills – PJ – 10 Yrs.

St. Tammany

  • Fire Protection District No. 7 – 5.21 Mills – BOC – 10 Yrs.
  • Gravity Drainage District No. 5 – .50 Mills – BOC – 10 Yrs.
  • PW Florida Parishes Juv. Justice Dist. – 3 Mills – Fla. Par. Juv. Justice Comm. – 10 Yrs
  • Recreation District No. 7 – 3.98 Mills – BOC – 10 Yrs.
  • Village of Folsom – .5% – M&BOA – 10 Yrs.

For additional information regarding these propositions click here, or contact us. 

Ad Valorem Assessment & Tax Watch – Update

October 24, 2015 Ballot

Property Tax Related Constitutional Amendments and Local Propositions

Statewide

Constitutional Amendments ACT 470

  • CA NO. 4 (Act 470 – HB 360) – Property Tax Exemption for Public Land/Property

If passed, this constitutional amendment would remove the property tax exemption for public lands and other public property owned by another state or a political subdivision of another state.

Parish and Precinct Specific

Calcasieu

  • Waterworks Dist. No. 10 of Wd. 7 – 15 Mills – BOC – 10 Yrs.
  • Gravity Drainage Dist. No. 4 of Ward 3 – 5.79 Mills – BOC – 10 Yrs.
  • Gravity Drainage Dist. No. Five of Ward Four – 4.78 Mills – BOC – 10 Yrs.
  • Gravity Drainage Dist. No. Eight of Ward One – 11.04 Mills – BOC – 10 Yrs.
  • Community Ctr. & Playground Dist. No. 4 of Wd. 1 – 2.0 Mills – BOC – 10 Yrs.
  • Houston Rvr. Wtrwrks. Dist No. 11 of Wds 4 & 7 – 5.51 Mills – BOC – 10 Yrs.
  • Wd. Six Fire Prot. Dist. No. One – 12.25 Mills – BOC – 10 Yrs.

East Baton Rouge

  • PW Public Library System – 11.1 Mills – Metro Council – 10 Yrs.
  • Downtown Development District – 10 Mills – Metro Council – 5 Yrs.  (EBR DDD additional information)
  • Cons. Sch. Dist. No. 1 Prop. No. 1 – .72 Mills – SB – 10 Yrs
  • Cons. Sch. Dist. No. 1 Prop. No. 2 – 1.04 Mills – SB – 10 Yrs.
  • Cons. Sch. Dist. No. 1 Prop. No. 3 – 5.99 Mills – SB- 10 Yrs
  • City of Zachary – 5% Tax – CC – Perp. (Hotel Occupancy Tax)

For additional information regarding these propositions click hereor contact us. 

 

Institute for Economic Development & Real Estate Research – 2015 UNO Economic Outlook & Real Estate Forecast Seminars

The University of New Orleans will be hosting their 2015 Economic Outlook & Real Estate Forecast Seminars

New Orleans – Friday, May 8, 2015

Northshore  – Friday, June 12, 2015

Additional information is available via their website, please visit http://www.realestate.uno.edu

Ad Valorem Assessment & Tax Watch – Update

2015 Louisiana Legislative Session

The 2015 Louisiana Legislative Session includes several proposed Senate and House Bills which may impact ad valorem property assessments and taxes. A few of the more salient ones are:

House Bill 635 / ACT 126

Eliminates eligibility of all projects with a NAICS code of 44, 45, or 722 which includes is all retail, restaurants and drinking places. The bill is effective for all contracts entered into after July 1, 2015. However, projects that have filed advanced notification prior to July 1, 2015 will still be eligible under current law, provided the related claim is filed on or after July 1, 2016.

This Act supercedes the provisions of the Act that originated as House Bill 466.

House Bill 466 / ACT 114

Eliminates eligibility of all projects with a NAICS code of 44, 45, which is all retail, restaurants and accommodations. The bill is effective for all contracts entered into after July 1, 2015. However, projects that have filed advanced notification prior to June 10, 2015 will still be eligible under current law but will only be eligible to apply for benefits after July 1, 2016.

House Bill 606 – Not Enacted Into Law

Terminates all tax credits beginning Jan. 1, 2018, and repeals tax credits that have already expired. This would include, but not be limited to, those tax credits associated with the LA Enterprise Zone, Job Tax Credits, Motion Picture.

Senate Bill 125 – Not Enacted Into Law

Reduce 10-Year Industrial Tax Exemptions originally granted before January 1, 2017, to 60% of the property originally exempted and extend the term for an additional two years.

House Bill 362 – Not Enacted Into Law
Reduce 10-Year Industrial Tax Exemptions from 100% to not exceeding 85%, and the term of the contract not to exceed 8 years.

House Bill 236 – Not Enacted Into Law
Exempts items constituting business inventory from ad valorem property tax.
Please note that there are several bills being introduced which have a similar objective.

House Bill 360 – Becomes Act No. 470
Specifies that the ad valorem property tax exemption for public lands and property means lands and property of this state and its political subdivisions. Presently, the constitution authorizes the imposition of ad valorem property taxes by local governments, and provides an exemption from ad valorem property tax for public lands and other public property used for public purposes.
The proposed amendment changes the present constitution by specifying that the exemption is for public lands and other public property of the state of La. and its political subdivision.

House Bill 59 – Not Enacted Into Law
Increases the homestead exemption from $75,000 to $100,000 of value of the property and requires adjustment of the exemption after a statewide reappraisal to reflect changes in the Consumer Price Index.

We will be following these bills, along with several others, and provide updates as warranted. If you have any questions on how the proposed legislation may impact your specific situation, please don’t hesitate in contacting us.

New Orleans’ 2015 Tax Bills

December 15, 2014

The Orleans Parish Board of Review certified the assessment roll in late October and several weeks ago the City Council finalized its budget and approved the 2015 tax rate. After a 6.42% increase in the net taxable assessment roll, the tax rate has remained relatively flat.  The overall citywide rate on the eastbank is 148.67 mils with the westbank being 149.56 mils.  The slight change came via a .1 (1/10th) mil reduction in the Law Enforcement District.  The Downtown Development District (DDD) rate remains unchanged at 14.76 mils resulting in an overall rate of 163.43 mils for real estate located in the DDD.

The 2015 Orleans Parish tax bills are expected to be mailed over course of the next two weeks and you should be receiving them shortly.  They become delinquent if they are not paid by February 1, 2015.  When you receive them, please feel free to send them our way for review.

Real Estate Tax Group may have outstanding and pending appeals on certain of your property and when we receive the tax bill, we will reach out to you directly with specific payment instructions about how these should be handled and how we will assist.

In the meantime, have a Happy Holiday Season and New Year.

Jefferson and Other Louisiana Parishes 2014 Taxbills…(Excluding Orleans)

Jefferson Parish, as with most other Louisiana Parishes, recently mailed the 2014 property taxbills, keep a keen lookout for them.  The taxbill becomes delinquent if not paid by December 31, 2014. When you receive the taxbill, please feel free to send them our way for review.

Orleans Parish anticipates mailing their taxbills the last week of December, becoming delinquent if they are not paid by February 1, 2015.

Ad Valorem Assessment & Tax Watch – Update

Louisiana Amendments and Parish Propositions  

November 4, 2014 Elections

Proposed Amendment No. 6  – Passed

Act No. 870 House Bill No. 111, Regular Session, 2014, By Representative Leger The amendment authorizes the governing authority of Orleans Parish to increase the annual millage rate levied for fire and police protection, to require that the revenue from the fire and police millages be used for fire and police protection service enhancements, and to require that any increase be approved by the voters of Orleans Parish.  (Amends Article VI, Section 26(E)).  The current Orleans millage is 5.21 for fire and 5.26 for police, without applying the homestead exemption.  The proposed amendment would allow for the tax to be increased to 10 mils each for fire and police. This is a statewide amendment, which if passed, will then be proposed to the voters of the Parish of Orleans. If it passes, it is anticipated that it will then be on the December 2014 ballot for Orleans Parish.

Proposed Amendment No. 7 – Passed

Act No. 433 Senate Bill No. 96, Regular Session, 2013, By Senator Adley The amendment provides that the homesteads of veterans with a service-connected disability rating of one hundred percent unemployability or totally disabled by the United States Department of Veterans Affairs, and their surviving spouses, shall be exempt from ad valorem taxation for up to one hundred fifty thousand dollars, and that a parishwide vote shall not be required to implement this change in qualification for the exemption. (Amends Article VII, Section 21(K)(1) and (3))

Proposed Amendment No. 9 – Passed

Act No. 432 Senate Bill No. 56, Regular Session, 2013, By Senator Morrell and Representatives Barrow, Ritchie and Thibaut The amendment would exclude owners who are permanently totally disabled from the requirement that they annually certify to the assessor the amount of their adjusted gross income in order to receive the Special Assessment Level on their residences for property tax purposes. (Amends Article VII, Section 18(G)(1)(a)(iv))

 Orleans Parish Propositions

Parish of Orleans, Proposed Proposition; Law Enforcement District Proposition (Millage)       –   Failed

11/4/2014 LEDP In summary, the Law Enforcement District is geographically congruent with the Parish of Orleans, the tax proceeds would go to the Orleans Parish Criminal Sheriff’s Office, and the levy of the tax would be in the amount of 2.9 mils, minus the rate of the current tax, for a period of 10 years.  Currently, the District levies a tax of 2.9 mils which is applied toward the principle and interest payment of outstanding bond indebtedness.  As the outstanding bonds are retired, and the tax proceeds are no longer used for interest and principle payments on the debt, the Sheriff will continue to collect up to 2.9 mils in taxes.  The proceeds may be use by the Law Enforcement District for operations, maintenance and the upkeep of the parish prison and related facilities.

Ad Valorem Assessment & Tax Watch – Louisiana 2014 Legislative Session

Ad Valorem Assessment & Tax Watch

Louisiana – Orleans Parish

June 9, 2014

Real Estate Tax Group has been following the current Legislative Session, and you may have an interest in these proposed property assessment and ad valorem tax related constitutional amendments:

Louisiana State Legislative Session – 2014

HOUSE BILL NO. 111

The proposed constitutional amendment authorizes Orleans Parish to increase the millage, and to levy up to ten mils for the purpose of police protection and ten mils for the purpose of fire protection.

As with the millage to be replaced, 5.26 for police and 5.21 for fire, the proposed, if passed, would not be subject to the Homestead Exemption.  In addition to this millage, there is currently a 6.40 millage for Fire & Police that is covered by the Homestead Exemption.

The proposed amendment would be submitted to the voters at the election scheduled for November 4, 2014; if approved, it would then be submitted to the New Orleans City Council, and subsequently to the voters of Orleans Parish for a parish wide vote.

You may view this 2014 Proposed Constitutional Property Tax Amendment HB. 111 by clicking here.

Passed by the House and Senate as amended; will be presented to the voters of the State on November 4, 2014, and to the electors of Orleans Parish.

HOUSE BILL NO. 488

The proposed Constitutional Amendment authorizes agents of the tax collector to sell property for delinquent taxes and requires the fee of the authorized agent to be included within the costs recoverable in the sale.

In January 2014, the Louisiana Supreme Court ruled that the City of New Orleans Ordinance No. 2207, permitting the City to authorize a third party firm to collect delinquent property taxes, was unconstitutional.  Furthermore, the assessed penalties and fees levied by the outside collector were in violation of the law.  See Jackson v. The City of New Orleans, No. 2010 C/W 2012-CA-2743.

You may view this proposed constitutional amendment, impacting the property tax sale process, along with the collection of associated penalties and fees, by clicking here HB. 488.

Passed by the House and Senate as amended; will be presented to the voters on November 4, 2014.

HOUSE BILL NO. 575

This bill relates to the Orleans Parish Juvenile Services Financing District, altering the term of the levy of the tax.

The present law provides for the City of New Orleans to levy and collect a tax up to 10 mils, and the tax shall expire on December 31 after the 2014 mayoral election for the City of New Orleans.  Furthermore, the election to authorize renewal of the tax shall be held at the same time as the mayoral primary election for the City of New Orleans.

The proposed law changes the provision for the expiration of the tax from a specific date to a term not to exceed eight years.

You may view this 2014 Proposed Property Tax related Amendment HB. 575 by clicking here.

Passed by the House and Senate as amended; sent to the Governor for executive approval.

We will monitor the bills as they progresses through the legislative process and apprise you of salient developments.

Institute for Economic Development & Real Estate Research – 2014 UNO Economic Outlook & Real Estate Forecast Seminars

The University of New Orleans will be hosting their 2014 Economic Outlook & Real Estate Forecast Seminars

Friday, May 9, 2014 – New Orleans

Friday, June 6, 2014 – Northshore

Additional information is available via their website available by clicking here.

http://www.uno.edu/coba/realestate/

 

 

New Orleans’ 2014 Tax Bills

The Orleans Parish Board of Review certified the assessment roll in late October and several weeks ago the City Council finalized its budget and approved the 2014 tax rate. After a 2.6% increase in the real estate taxable assessment roll, the tax rate has remained relatively flat.  The overall citywide rate on the eastbank is 148.77 mils with the westbank being 149.66 mils.  Much of the change came via the Orleans Parish School Board authorizing a ½ mil increase in its levy for debt retirement. The only other rate increase was the westbank levee district which increased .2 mils.  The Downtown Development District (DDD) rate remains unchanged at 14.76 mils resulting in an overall rate of 163.53 mils.

Orleans Parish 2014 tax bills were mailed out in the final week of December and you should be receiving them any day now. They become delinquent if they are not paid by February 1, 2014. When you receive them, please feel free to send them our way for review.