“It’s the perfect storm. And it’s ugly,” said WWL’s Newell Normand this week of the state of property taxes in New Orleans, La.
However, he did reveal that there’s a light in the storm.
According to Normand, owners of more than 6,000 properties in New Orleans have seen an increase of 50% or more in the assessed value of their homes.
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“If we look at the market conditions over that period of time, neighborhood by neighborhood, it doesn’t support that,” he said. “So how did we get here?”
Normand thinks New Orleans residents need to figure out where things ran amok. They can start by making an appointment with the assessor’s office.
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“If over 70% of homeowners that meet with the assessor’s office get a reduction, go schedule your meeting,” said Normand, who noted that the new quadrennial assessment schedule may be impacting assessments overall.
A quadrennial assessment in Orleans Parish began July 17 and will run through Aug. 15.
“State law requires all properties in a parish to be revalued at least once every four years,” said Assessor Errol William’s office, which explained that next year is “a quadrennial year, meaning assessments in Orleans Parish for tax years 2024-2027 will reflect market values as of January 1, 2023.”
Property owners are expected to receive notices regarding the change in their property assessment via mail and 2024 values were on nolaassessor.com Monday, July 17.
“Anyone interested in meeting with office staff to discuss their property assessment is strongly encouraged to schedule an online or in-person meeting using the online scheduling system at nolaassessor.com or by calling (504) 754-8811,” said the office. All appointments must be made by 4 .m. Aug. 15. Walks ins are also welcome on a first come, first serve basis.
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