Earlier this month the homeowners of St Tammany Parish received their new home tax valuations. Some of these values appreciated 200% in four years. Four years? Yes, four years. Mine personally went up quite a bit. I still believe mine are fair. I just hope and pray the local taxing boards don't charge all of the millage allowed. Then my tax bill would almost triple.
I can assure you many people won't be able to afford their home anymore. If insurance continues it's steady advance and taxes are charged at the allowable rate many homeowners will see their note go up $300 per month. How many people have this extra amount to pay. I will be hard pressed to make ends meet. The government like us has to cut back when times are very tough. They should be forced by law to downsize.
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