How many other cities in America can say they decreased property tax rates for 2008. A 27% reduction is great for people who own a home or condo in New Orleans. If you paid $1800 last , in 2008 you will pay $1284.44. The value of your home may have changed but people buying recently are getting a big break. You also have to remember if you live in the property you get a 75k exemption in addition. This is another reason to buy in addition to great interest rates that are below 6% as of yesterday. Check this out in more detail New Orleans Condos and find out about the additional tax bennefits of owning.
New Orleans Lowers Tax Rates
"Making good on a unanimous pledge, the New Orleans City Council slashed the city's tax rate by 27 percent to 128.44 mills, a rate that makes owning property in the city competitive with neighboring Jefferson Parish for the first time in years." Times Picayune 12-01-2007
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