Denham Springs Council

Council members Jeff Wesley (left), Laura Schmitt Smith (center), and Robert Poole look over paperwork at a recent council meeting.

DENHAM SPRINGS - Use it or lose it.

That's the slogan for millage rates when it comes to rolling forward, which is an allowance for any entity which levies a property tax to increase their rate after a reassessment.

According to Livingston Parish Assessor Jeff Taylor's office, the taxable value for property within the city of Denham Springs is $87,402,290. The rate on that property would be rolled from from 3.478 mills to 3.724.

A mill rate is one-tenth of one percent of the taxable value of property, and the city's current rate generates $276,626.50. The roll-forward would increase that revenue to $296,192.38 - a gain of $19,565.88.

The assessor's office uses a 91% collection rate to project revenues.

The public hearing will be June 24th, 2019 at 6:00 p.m. in the city council chambers. The council will then vote on the measure.

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