The combined millage rate levied on real estate within Orleans Parish funds essential public services, including schools, infrastructure, and public safety. For example, a homeowner’s annual payment is calculated by multiplying the assessed value of their property by the applicable millage and dividing by 1,000. This system allows the city to generate the revenue necessary for its operational budget.
Stable and predictable funding for local government is vital for maintaining and improving the quality of life within a community. Historical property tax data offers insights into municipal financial trends and can be a useful tool for understanding past budgetary priorities and potential future needs. This revenue stream provides the foundation for crucial services that contribute to the city’s economic stability and overall well-being.