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Baton Rouge Property Tax Millages & Homestead Exemption
Posted on 12/31/18 at 2:42 pm
Posted on 12/31/18 at 2:42 pm
As I was paying 2018's Baton Rouge property taxes, a question came to mind and even after "googling,"I cannot find the answer: are the tax amounts exempt under homestead exemption similar to a governmental subsidy, i.e. some government agency at some level is paying the exempted amounts to the respective governmental divisions?
Upon review of the millage details of a 70808 residence, it is easy to get infuriated when scanning the number of separate millages, CATS-1 for 11 mills, Library-1 for 11 mills,COA-1 for 2 mills, BREC-6 for 15 mills, EBRP schools - 10 for 44 mills when compared to Police - 1 for 1 mill, Fire Dept - 1 for 6 mills, Special Law Enforcement - 3 for 15 mills.
The effective property tax rate with the homestead exemption removed for 70808 is 120 mills equating to $2400 on a $200k residence.
Income, Property and Sales Taxes on the rise perpetually in Baton Rouge with no end in sight, and the governor's 2019 priority is a teacher raise. I hope Cameron Henry holds fast to his revenue estimating committee block and the EBRP Metro Council is serious about reviewing dedicated millages in 2019 and pass some reductions.
Any tax accountants know the answer to the homestead exemption amounts being ultimately paid by some governmental agency or is it simply a mental trick that the bourgeoisie uses to keep the proletariat in check?
LSU 27 UCF 24
Upon review of the millage details of a 70808 residence, it is easy to get infuriated when scanning the number of separate millages, CATS-1 for 11 mills, Library-1 for 11 mills,COA-1 for 2 mills, BREC-6 for 15 mills, EBRP schools - 10 for 44 mills when compared to Police - 1 for 1 mill, Fire Dept - 1 for 6 mills, Special Law Enforcement - 3 for 15 mills.
The effective property tax rate with the homestead exemption removed for 70808 is 120 mills equating to $2400 on a $200k residence.
Income, Property and Sales Taxes on the rise perpetually in Baton Rouge with no end in sight, and the governor's 2019 priority is a teacher raise. I hope Cameron Henry holds fast to his revenue estimating committee block and the EBRP Metro Council is serious about reviewing dedicated millages in 2019 and pass some reductions.
Any tax accountants know the answer to the homestead exemption amounts being ultimately paid by some governmental agency or is it simply a mental trick that the bourgeoisie uses to keep the proletariat in check?
LSU 27 UCF 24
14
Posted on 12/31/18 at 2:49 pm to bigpoppadiesel35
Interesting question and I don't know the answer to it.
There are a couple of CPA's who post regularly on the Money Talk Board. You might get an answer from them if you duplicate your thread there.
There are a couple of CPA's who post regularly on the Money Talk Board. You might get an answer from them if you duplicate your thread there.
Posted on 12/31/18 at 2:51 pm to bigpoppadiesel35
288
Posted on 12/31/18 at 3:00 pm to bigpoppadiesel35
There were several cities in LA that are increasing sales tax only for specific addresses/businesses. In Ruston, the increase applies only to restaurants and hotels. But at least sales tax is transactional. The fact that non-property owners vote on property tax increases is maddening.
Posted on 12/31/18 at 3:03 pm to bigpoppadiesel35
quote:
the EBRP Metro Council is serious about reviewing dedicated millages in 2019 and pass some reductions
quote:
CATS-1 for 11 mills
quote:
Library-1 for 11 mills
quote:
COA-1 for 2 mills
quote:
BREC-6 for 15 mills
Posted on 12/31/18 at 3:03 pm to liz18lsu
quote:
The fact that non-property owners vote on property tax increases is maddening.
THIS right here all day, every day.
ETA. Cue the poors who claim they pay property tax as part of their rent and deserve a gots. frick y’all. You are a property owner or you aren’t.
This post was edited on 12/31/18 at 3:04 pm
Posted on 12/31/18 at 3:05 pm to bigpoppadiesel35
It's most likely just a shift of the tax burden to the tax base that own a home more expensive than $75k.
Said in another way, it's a shifted y-axis where $75k is the new zero.
It's not as if the government recently had that money to spend then had it taken away. So, I don't see how it would be supplemented with anything other than more taxes.
Said in another way, it's a shifted y-axis where $75k is the new zero.
It's not as if the government recently had that money to spend then had it taken away. So, I don't see how it would be supplemented with anything other than more taxes.
Posted on 12/31/18 at 3:05 pm to liz18lsu
quote:Or don’t care enough to vote against an increase. They fail to realize their landlord property tax will increase and so will their rent.
The fact that non-property owners vote on property tax increases is maddening.
This post was edited on 12/31/18 at 3:06 pm
Posted on 12/31/18 at 3:09 pm to bigpoppadiesel35
(no message)
This post was edited on 2/8/25 at 2:01 pm
Posted on 12/31/18 at 3:15 pm to bigpoppadiesel35
I don't feel like reading tax law on my day off, but here is a statute you can peruse. Try not to fall asleep.
HSE Statute
ETA: Read Part III, Revenue Sharing
HSE Statute
ETA: Read Part III, Revenue Sharing
This post was edited on 12/31/18 at 3:17 pm
Posted on 12/31/18 at 3:19 pm to bigpoppadiesel35
quote:
Did the cop obey/follow the law? It is a easy simple question. He did not.
Repeal the COA tax...bunch of thieves and crooks..ALL OF THEM.
Posted on 12/31/18 at 3:21 pm to bigpoppadiesel35
quote:
Any tax accountants know the answer to the homestead exemption amounts being ultimately paid by some governmental agency or is it simply a mental trick that the bourgeoisie uses to keep the proletariat in check?
When the agency that will benefit from the tax sets the millage, they factor that into what they ask for.
They have the latest assessments (including all homestead exemptions) available to them from the assessor's office. It's then a simple matter of saying "If I need $10M a year of tax revenue, based on these assessments, what should I set the millage at?".
Basically, the homestead exemption shifts more of the burden onto citizens with more expensive properties.
This post was edited on 12/31/18 at 4:04 pm
Posted on 12/31/18 at 3:47 pm to TigerstuckinMS
How long has homestead been $75k?
Posted on 12/31/18 at 4:01 pm to CaptainJ47
quote:
How long has homestead been $75k?
Since 1973. It's in the State Constitution. Article VII, section 20. The exemption is the first $7,500 of assessed value. In Louisiana, the assessed value for taxation is 10% of the market value of the home, so that's how you arrive at the first $75k of market value falling under the homestead exemption for property taxes.
ETA: 1974, not 1973. Also, the homestead exemption does not apply to municipal taxes.
This post was edited on 12/31/18 at 4:06 pm
Posted on 12/31/18 at 4:19 pm to bigpoppadiesel35
The Library should be half that millage at best. They don’t need much more money anyway. BREC should be closer to 7. They are also flushed with cash.
COA should be 1 mill. They should decrease the pay of the executive director and pass on those savings as well.
Cats should be 2 mills and then need more shirt busses and no big busses. They also should try an Uber type transportation service that requires multiple pick ups and drop offs.
COA should be 1 mill. They should decrease the pay of the executive director and pass on those savings as well.
Cats should be 2 mills and then need more shirt busses and no big busses. They also should try an Uber type transportation service that requires multiple pick ups and drop offs.
Posted on 12/31/18 at 5:14 pm to Lickitty Split
The interesting thing is that the Metro Council is not bound to levy the full millage of a tax the voters approved. For example, if the voters approve a millage that will generate $10M a year for an entity, but the entity only needs $5M, the Metro Council can decide to only levy the tax for half of what the voters approved. The election does not put the tax into effect, the actual levying of the tax by the council is what formally creates the tax, and that levied amount can be adjusted. The voter approved millage is merely an upper bound to what the council can levy.
They'll never do that because of politics, but they can. Let's hope that they prove me wrong in 2019.
They'll never do that because of politics, but they can. Let's hope that they prove me wrong in 2019.
This post was edited on 12/31/18 at 5:19 pm
Posted on 12/31/18 at 5:16 pm to bigpoppadiesel35
3.50 mils AND
The surgeon was the boy’s mother.
The surgeon was the boy’s mother.
Posted on 12/31/18 at 5:17 pm to soccerfüt
quote:
The surgeon was the boy’s mother.
"All in the Family" riddle that still stumps most
Posted on 12/31/18 at 5:19 pm to bigpoppadiesel35
Better question: why the hell would anyone live in Baton Rouge
Posted on 12/31/18 at 5:27 pm to bigpoppadiesel35
This looks reasonable compared to what I'm paying in Maryland. I paid the equivalent of 173 mills ($6000) in property taxes for a very modest home this year. Next year my property tax will be $7,750 if I don't successfully appeal a crazy 30% property appraisal increase I was informed of earlier this week.
Add income taxes of 5.5% state and 3.2% local... Enjoy the South folks.
Add income taxes of 5.5% state and 3.2% local... Enjoy the South folks.
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