Tax notices sent to residential and businesses owners in both the City of Natchitoches and the Parish of Natchitoches are expected to yield $37.4 million this year to fund governmental operation. That’s a decrease of $164,359 over last year. The tax bills, approximately 27,603 in all, are due by Dec. 31. If not paid by the last day of the year, interest is assessed to those considered delinquent. The property tax rates that appear on your bill are listed as millage rates.
A mill is equal to $1 of tax for every $1,000 of assessed taxable value. (Refer to chart above.) This chart shows property tax assessment comparisons for the City and Parish of Natchitoches from 2020 to 2021.
If your tax notice shows your taxable value as $10,000 and your total millage is 80, then your tax bill would be $800.
The revenue is then distributed among the taxing bodies based on their millage. Millage rates are set by the various taxing bodies and then approved by the Louisiana Legislative Auditor. Parish revenue will be $150,373 less this year compared to last year, based mostly on a reduction of the Cane River Waterway’s millage from 6 mills to 3.5 mills.
The City of Natchitoches revenue will be $13,985.65 less compared to 2020. The City of Natchitoches property taxes is set to generate $2.35 million.
A year ago, the city property tax revenue was set at $2.36 million. In the parish however, the 2021 tax assessments are expected to generate $35.1 million.
Last year parish property owners were set to pay $35.2 million in property taxes. Natchitoches Parish Tax Assessor Tim Page says the total property assessment for Natchitoches Parish (including the City of Natchitoches) is $391,338,733 compared to a year ago the assessment was $384,060,234.
Most all of that $7,278,499 increase came from the parish.
The parish’s assessed value of property went from $245,058,464 in 2020 to $253,158,223 in 2021.
In the City of Natchitoches, the assessed value of property actually dropped. In 2020 the assessment of property was $139,001,770 while in 2021 the assessment was $138,180,510 a decrease in evaluation of $821,260.
Most of this decrease came from pandemic related obsolescence and was further emphasized by stagnant residential and commercial growth inside the City limits of Natchitoches. Noting that all new construction must be complete by Jan. 1 of the current year in order to be added to the tax roll.
Public Service (public utilities) assessed value increased by 2,712,620 from 98,284,320 in 2020 to 100,996,940 in 2021.