1. In Orleans Parish they use millage rates and these rates change. The millage rate is the multiplier that is used times the assessment to determine the tax. At some point the City Budget is looked at and the new millage rate is determined. If you are buying a property in New Orleans or any place else for that matter you probably need to factor in tax increases into your monthly budget and not be too tight in your numbers.
2. We have Homestead Exemptions in Orleans Parish where the first $75,000 of property value is exempt from taxes if the property is your primary residence and you go the Assessors Office and apply.
3. There is a tax estimator on the Assessor’s website. This site uses the “total assessed value” and then you can click the “homestead exemption” box if it applies. Your assessment will be 10% of the assessed price. You can find the tax estimator on the Assessor’s website.
These are the Millage rates levied for 2014. Below is a mathematical computation you can use as well if you want to double check the estimator and compute the taxes manually – for more complete information please go to the Assessor’s site, here.
Here is the link to the Assessor’s Office, where there is a lot more information and if you need to go to the office or call contact information is available.
If you have questions please complete the CONTACT ME form or call me at 504-908-2268