NEW ORLEANS (WVUE) - The Audubon Commission meets Wednesday morning to decide whether to change the millage rate for a property tax assessment paid by Orleans Parish homeowners.
At issue is whether the commission will keep the millage rate it its current level – effectively a tax increase – or to roll the millage level back – effectively raising amount paid by taxpayers in Orleans Parish.
Millage rates are designed to automatically change as property values rise and fall. To keep the total tax revenue at the same level to account for changes in the real estate market.
The commission says that if the millage level remains the same, the tax increase paid by the owner of a home valued at $250,000 or less would be approximately $3.33.
The Audubon Commission is a 24-member board of trustees, appointed to staggered six-year terms by the mayor and approved by the City Council. It is charged with the oversight and development
The commission meets at 8 a.m.