LAFAYETTE, Mo. (KADN) — Lafayette property taxes are going up. All taxing districts in the parish have finished filing millage.
The average homeowner in Lafayette Parish could see an increase in property taxes of up to $750 as various taxing agencies require more funds for their daily operations.
Property tax increases are primarily driven by the sheriff’s office, the school system, and the Lafayette Consolidated Government.
“And, like I said, the school board gets 40 percent of that, and the sheriff and LCG get another 40 percent of that, 45 percent,” Lafayette Parish Tax Assessor Conrad Comeau said. said. One of the total taxes paid by these three entities alone. ”
Homeowners were paying about $1,700 for the average home priced at $275,000, but the new appraisal in 2024 will increase that amount by $500 to $750 per year, depending on the home’s value. That’s it.
“Unless all taxing agencies reduce their millage tax rates to offset the increase, rising home prices will result in higher taxes, but that’s not what’s happening,” Comeau said. Explained.
