Tax assessment on the increase in parish
Not everyone is happy that the new parish tax assessment evaluations for the 2008 tax year are higher than 2004.
By law every four years, the tax assessor’s office has to re-appraise the value of homes, land and businesses.
Vermilion Parish Tax-Assessor-elect Kathy Broussard told the Police Juror the property values climbed from $148.9 million to $173 million. Personal properties also increased from $138.2 million in 2007 to $155.4 million.
“2008 was a very good year for property values,” Broussard said.
In November, homeowners will be getting a property tax assessment bill. The value of most homes in the parish has increased over four years, which means the homeowner will be paying more in property taxes.
Assessed values on homes climbed as much as 25 percent in the North Vermilion area, while home assessment value in Erath and Delcambre area did not increase because of the floods over the last three years.
Any home with an assessed value of $75,000 or below will not have to pay taxes because of homestead exemption.
The owner of a home with an assessed value of $78,000 will pay $40 in taxes, while the owner of a home assessed at $100,000 will have to pay $250 in taxes.
For a $200,000 home the taxes will be $1,250. A home’s assessed value of $300,000, the taxes will be $2,200.
One Abbeville resident is not happy to learn the value of his home has increased by almost $20,000 which means paying more taxes.
Joey Sogne lives in a brick home in the neighborhood by Abbeville General Hospital.
Four years ago his house was assessed at $78,000 and in 2008, the house is assessed at $97,000. His land value also increased from $6,500 to $17,500.
His taxes will jump from $179 in 2007 to $358.
He has been to the Vermilion Parish Tax Assessment office to complain because he did not think his house is worth $97,000 because the house been flooded three times over the last 15 years.
Kathy Broussard, the tax assessor-elect, will let the state do another appraisal on his house. There is a chance that the appraisal could come in higher, which means he would have to pay more in taxes.
Sogne said he is also angry because when the assessments were done on the parish houses, the market was inflated due to the lack of houses because of Hurricane Rita and Katrina.