New Orleans Mayor LaToya Cantrell is searching for ways to mitigate the impacts of "skyrocketing property values" while also holding on to some of the new revenue created by the corresponding rising property taxes.
"Mayor LaToya Cantrell’s administration is recommending trimming the city’s tax rate in response to skyrocketing property values," reports Jeff Adelson.
The proposed tax relief is included in the mayor's proposed 2020 budget, released this week to the City Council.
"Council members have been pushing for tax rates to fall in response to this year’s unusually large increase in property values," according to Adelson. "The administration has pushed to keep at least some of the new money the reassessment will bring in, arguing that the city is at least $100 million a year short of the money it needs. It remains to be seen how the council will react to the administration’s latest plan."
The article includes a lot more detail about how the property tax millages break down for the various taxing entities around New Orleans, and how each of them are responding to budget shortfalls and the infusion of cash from increasing property values.
As for where and by how much property taxes are increasing around New Orleans, Adelson also reported on that subject in an article published in July, tracing the dynamic to the gentrification of neighborhoods around the city's historic core and warning of a worsening lack of affordable housing.
FULL STORY: With spiking New Orleans assessments, Cantrell's office to recommend trimming tax rates
Property Tax Relief for Longtime, Low-Income Residents of Gentrifying Neighborhoods
The city of New Orleans is pushing the state to allow property tax relief in neighborhoods where housing values are soaring—the proposal is designed to stabilize neighborhoods undergoing rapid investment and transformation.
20 Years After Katrina, New Orleans is More Unaffordable Than Ever
The city’s post-hurricane redevelopment has failed to include its most vulnerable residents.
Property Tax Disparities Grow as Housing Prices Grow
The authoritative report on the state of property taxes in the United States was released earlier this month.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Baltimore to break ground on $50 million Transit Priority Project
The project will bring faster bus trips, safer streets and better bike connections to Baltimore.
Airbnb launches $250 million 'last-dollar financing' housing accelerator, makes first investment in Austin
The company will put $6.4 million towards affordable housing development in Texas’ capital.
Guerilla urbanists are building DIY bus stop benches in Chicago
A before-and-after of one of the bus stops with a new bench. The new benches are not officially sanctioned or permitted, but the residents who placed them hope they will be the start of a network of DIY benches across the city.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association