Most Active Stories
- Le Show For The Week Of Mar. 15, 2015
- Machete-Wielding Man Attacks TSA Agents At Louis Armstrong Airport, Is Shot By Police
- Peter Sagal Says New Orleans Is The Best — And He'll Show Us A Great Time Thursday Night
- The Irish Have Been Part Of New Orleans From The Beginning
- Argo The Police Dog Forces Carjacking Suspect Hiding Inside Cemetery Tomb To Surrender
Wed September 26, 2012
Isaac causes property taxes to decline in St. John
Damage from Hurricane Isaac will cost St. John the Baptist Parish about $2 million in property tax revenue.
The Times-Picayune reports Assessor Whitney Joseph Jr. told the parish council the value of the parish's tax roll will drop by approximately $14 million from previous estimates.
However, because of expiring industrial tax exemptions, Joseph says parish taxing bodies will still net about $6 million more than in 2011.
The parish's $370 million tax roll in 2011 was expected to increase in value this year by $62 million as the tax exemptions expired. But the lower values of storm-damaged property are expected to limit the increase to $45 million.
Parish officials estimate that about 7,000 homes in St. John the Baptist Parish flooded during Hurricane Isaac.