Zachary Revenue Increases Thanks To Property Owners
ZACHARY, La. (AP) — The Zachary Community School Board has voted to begin advertising its possible intention to pick up about $145,000 in additional property tax revenue this year because of the required reassessment of property.
Finance Director Gordon Robertson tells The Advocate (http://bit.ly/MrVwb7 ) parish assessors by law must reassess property every four years, and the school district's total assessment increased by $7.7 million for 2012 to a total of $201.7 million.
Taxing bodies can take advantage of the assessment increase to pick up extra revenue by keeping their millages the same as levied the year before, by advertising and holding a public hearing and getting a favorable two-thirds vote on the body's membership.
Robertson said the assessment increase was the second-lowest in the district's nine years of operating.