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STPPS Saves Taxpayers Over $11 Million Dollars

Taxpayers in St. Tammany Parish will save $11,310,000 annually due to a tax rollback by the St. Tammany Parish School Board. This rollback means there will be no increase in School Board dedicated taxes this year. Since 1992, tax rollbacks have saved taxpayers a total of $89,000,000 annually by the end of 2024.

“Being fiscally responsible is important to our School System and our St. Tammany community,” said Superintendent Frank Jabbia. “We are committed to maintaining a fiscally sound and responsible budget, which includes rolling back our millages, especially as our community faces an increase in the cost of living.”

At the July 18, 2024, meeting, the St. Tammany Parish School Board (STPSB) passed a resolution to levy millage rates for the 2024 tax year at a total of 58.34 mills. The total rollback is 3.66 mills, resulting in savings of $11,310,000 this year.

Here’s the breakdown of the rollback for 2024:

  • General Fund Millage: Reduced to 44.65 mills from 48.1 mills, saving approximately $11,000,000.
  • Debt Service Millage: Reduced to 13.8 mills from 13.9 mills, saving approximately $310,000.

The value of one mill for the 2024 preliminary tax roll is estimated at $3.1 million.
Historical millage rollbacks from 1992 to 2024 are as follows:

  • 1992 Tax Roll: 87.1 mills
  • 2024 Tax Roll: 58.34 mills
  • Total Net Rollbacks: 28.76 mills
    • General Fund: 16.66 mills
    • Debt Service: 12.1 mills

School Board President James Braud stated, “Our goal is to keep property taxes collected the same as the previous year. With property reassessments increasing this year, rolling back millages is crucial. I’m proud that our board has saved taxpayers a total of 28.76 mills since 1992.”

Property values in St. Tammany Parish are projected to increase by approximately $505 million due to reassessment. Despite the 2024 rollback, this increase is expected to raise property tax revenue for STPSB by $8 to $10 million. The Assessor has indicated this may be the last substantial increase in property values for the foreseeable future.

STPSB’s projected percentage of the 2024 tax roll is 44.93%. While STPSB doesn’t control property values, it has been a good steward of millages, as shown by the net rollbacks from 1992 to 2024.