Together New Orleans has released an impact and equity analysis of the 2020 property assessments called "The Good, The Bad and the Just-Plain-Not-Legal."
The analysis looked at two questions:
#1) IMPACT: How seriously will the impact of the assessment increasing be and what people and neighborhoods will be most severely affected?
#2) FAIRNESS: To what extent have the assessment increases been applied consistently across different values and types of property?
The study found that:
- Several thousand New Orleans households are likely to face unsustainable increases to their property taxes, which have the potential to result in displacement of those families; and
- The assessments valued low- and moderate-value properties far more aggressively than high-value properties.
- The assessments under-value vacant land and parking lots
- The assessments treat as "exempt" $155 million in industrial property which has no tax exemption and is therefore taxable
For more information, please email [email protected]
Download the report.