Orleans Property Tax Rolls Open 'til August 15

Real Estate

Orleans Parish Property Tax Rolls Open 'til August 15

Assessments of many homes are modestly higher than last year. I have spoken to one client who saw a 100% increase - and several that have a decrease in their assessment. A few have asked me if it is possible to get their assessment lowered (usually no). Of course, none of these homeowners would sell their homes for what the assessor thinks it is worth - even the client whose assessment was doubled!

It is still a good idea to check out your assessment and to especially make sure that homestead exemptions and age freezes (if applicable) are still being applied by the assessor.

(Why have I told clients that it is usually not possible to get their assessment lowered? A homeowner typically has to show an appraisal or other market data demonstrating that similar homes in their neighborhood have recently sold for less than the homeowners assessment.) 

 

Each year the Orleans Parish tax assessor "opens the tax rolls" for review by property owners. If your home is reassessed at a higher value, your tax bill will likely go up.

  • If your assessment increases by more than 15%, the assessor should notify you by mail. Most homeowners this year received a letter with their new assessment even if it do not go up more than 15%.
  • If you have owned your home more three years, and it hasn’t been reassessed in the past 3 years, there is a good chance for an increase this year.
  • The assessor’s office advised that the 4th, 5th and 6th Districts are being reassessed this year. (That’s Uptown from Felicity Street to Lowerline Street + Algiers.)

What should you do? Check your assessment at the Orleans Parish Assessor's Web Site This site shows how the assessor is valuing, or assessing each property. Assessments are used to calculate the annual property tax bill. See below for more info on appealing your assessment.

Of course, don’t hesitate to contact me if you have any questions about your assessment or the appeal process.

** Jefferson Parish rolls will be open August 22 - September 5 (see below)

 

Why is this important?

The assessor may have your property valued higher than fair market value. The assessor is required to re-assess all properties at least every 4 years. In 2012 he switched to a system where he would reassess 25% of the parcels each year rather than all parcels every 4 years. 

If you bought property in the last year, or are currently under contract to buy a property, and the Sale Price is less than the assessor's value, I have likely already discussed this with you. If you are unsure, please contact me ASAP.

If you think your property is over-assessed, now is the time to file an appeal with the assessor. While some assessors make exceptions, they are NOT required to lower any assessments unless you start the process NOW. (The 2017 values should be posted starting July 15, 2016)

While we no longer have to apply for a homestead exemption each year, you should still check it. (This was one of the most common mistakes the assessor made in the past) If you catch this mistake, you can save over $1,000 on your tax bill.

 

What are the steps?

Visit http://www.nolaassessor.com Click on "property records", accept their disclaimer and then search by address, owner name or tax bill number.

If you feel your assessment is too high, the appeal process is described on the assessors site.

The assessor also has fliers on the "open rolls process" and other info on property assessments including how to read the property record, etc.

You will need specific data about recent sales of similar property in your area that sold for less than your current assessment. Pointing out that another property is assessed lower than yours will not work. If your property needs significant repairs, you can document that as a legitimate reason to lower your assessment. Contact me if you need help with this.

You can visit the assessor in person:

Fourth floor of City Hall, 1300 Perdido St.
Algiers Courthouse, 225 Morgan St.
Lakeview Christian Center, 5885 Fluer de Lis Dr, 2nd floor
1851 Rousseau St in River Garden

You can also appeal online at: https://nolaassessor.modria.com/
 

Other details to check

Make sure the assessor applied the homestead exemption ($7,500). If they list $0, they did not apply the exemption


If you are a senior, have a handicap, are a disabled veteran or if you applied for a Restoration Tax Abatement, your assessment may be frozen or you may be eligible for a special exemption - double check this.

If you are missing the homestead or another exemption, call the assessor ASAP at (504) 658-1300, but you may have to visit in person.

 

Jefferson Parish Tax rolls are "open" August 22 - September 5. For more info, visit: http://www.jpassessor.com/Home/FAQ/#question11

More information about Louisiana Tax Basics is here: http://house.louisiana.gov/housefiscal/DOCS_TAXREV/2014_Louisiana%20Property%20Tax%20Basics.pdf