Bossier Parish residents to be hit with nearly $8 million in new taxes
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Bossier Parish residents to be hit with nearly $8 million in new taxes
So far, four out of five taxing jurisdictions will slam Bossier Parish property owners with nearly $8 million in new taxes. Two have already put their tax hikes in motion; two more will vote to approve the tax increases in the coming weeks.
BossierNow background:
A recent reassessment by the Bossier Tax Assessor's Office raised property taxes for all homeowners in Bossier Parish due to higher values.
Local taxing authorities can either increase or decrease a millage due to the change in the tax-value base. A "roll back" of a millage lowers the tax rate to compensate for the increased valuation — meaning property owners pay the same amount of taxes.
A "roll forward" of a millage allows the taxing authority to gain additional revenue from the reassessment — in effect, a tax hike.
The City of Bossier City is the lone local taxing authority so far to roll back its millage to avoid a tax increase. The City Council approved the roll back at its Tuesday meeting.
Benton Fire District 4 Chief J.T. Wallace, Jr. was first out of the gate with an $842,195 property tax roll forward on September 5th.
Next, Bossier Parish Sheriff Julian Whittington announced his $1.5 million tax increase Monday.
The Bossier Parish School Board will vote on its $4.3 million millage roll forward at its meeting on September 19.
And finally, the Bossier Parish Police Jury has announced its intention to hike taxes by $1.2 million with a vote at its regular meeting on October 2.
To this point, sparse attendance at these tax millage meetings has provided little, if any, resistance to the property tax increases.
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