News -> INDReporter THU, AUG 9 12:06PM by Heather Miller

LPSS to consider millage increase

The Lafayette Parish School Board will hold a public hearing Wednesday before it votes during a special meeting on whether to roll forward millage rates and collect an additional $2.5 million.

When property reassessment occurs every four years as required by law, the millage rates (or the percentages governmental agencies receive from property taxes) must be adjusted to reflect any increase or decrease in overall property values. If property values have risen, government bodies can “roll forward” millage rates, which equates to a marginal increase in property taxes if your property values have gone up and a rise in revenues for the agencies collecting the taxes.

According to a press release from LPSS, LPSS is slated to receive $49.4 million in property taxes over the next year.

The public hearing will be held at 4 p.m. and the special board meeting is slated for 4:30 p.m.

Comments (1)add
...
written by Michael A. Moss , August 12, 2012 - 08:45 am
They never mention the millage increases when they are trying to pay tax increases. WHY?
You must be logged in to post a comment. Log in using your Facebook account or register if you do not have an account yet.

busy 
LA LA Land
Advertisement
Most Read
Advertisement
Advertisement
in case you missed it