Are property taxes based on purchase value or on appraised value in kenner la 70062?

Asked by Jazz, 70062 Sun Jan 29, 2012

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Karen Trebes, Agent, Metairie, LA
Mon Nov 12, 2012
Different areas have different millage rates. For example, the millage rate in Metairie is higher than the millage rate in Kenner. In Kenner you pay 2 millage rates, but the combined rate is still less than the millage rate in Metairie. All homeowners in Louisiana are exempt from paying taxes on the first $75,000 of the assessed value.
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Katherine Ra…, Agent, Mandeville, LA
Sun Jan 29, 2012
Welcome to Louisiana! Property taxes are based on the assessed value. All homes are reassessed every 4 years and whenever a property changes hands. While this sounds like market value, it's not always the case. If you are budgeting for a purchase, it is safe to take the purchase price less the $75,000 homestead exemption, if applicable.
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Alain Picard, Agent, Puyallup, WA
Sun Jan 29, 2012
Property taxes are based on the appraised value.
0 votes
Is that also true for a newly built home?
Flag Wed Feb 17, 2016
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