The gist: Property tax rates for the airport commission and the library system would be increased to voter-approved ceilings if the council passes a pair of ordinances introduced this week.
A quick explainer. As property value increases, property tax rates are decreased, or “rolled back,” to balance total parish tax revenue. However, the City-Parish Council can vote to increase millages — “roll forward” — up to the ceiling set by voters when the tax was passed, thus raising revenue.
The library wants to roll forward one of its two dedicated taxes to 2.00 mills. That’s a 0.16-mill increase expected to generate $360,000 in operational revenue. The system is adding a new library on Lafayette’s Northside. The system’s revenues will decline $3.4 million next year when one of its three millages falls off the tax roll.
The airport wants to roll forward its dedicated tax to a 1.71 maximum. That’s a 0.13-mill increase also expected to generate roughly $360,000.
Below, you can calculate the increases to your tax bill as result of either roll-forward. You’ll need to know the market value of your property, which you can find here.
Final adoption of these ordinances will be voted on September 17.
Library Millage Roll-Forward
Current Library Millage Rate: 1.84 mills
Proposed Library Millage Rate: 2.00 mills
Net Increase: 0.16 mills
Your Annual Cost:
Your Annual Cost:
Airport Millage Roll-Forward
Current Airport Millage Rate: 1.58 mills
Proposed Library Millage Rate: 1.71 mills
Net Increase: 0.13 mills
Your Annual Cost:
Your Annual Cost:
News + Notes
Lafayette is running out of shelter space
Housing support agencies moved people into hotels around Lafayette using emergency federal and state government funds. Those funds have long since dried up.