ABBEVILLE — Assessor Kathyrn Broussard said Monday that Vermilion Parish can expect about $1.7 million more in tax revenue for 2011 because of an increase in tax assessments.
In a brief presentation to the Vermilion Parish Jury, Broussard said 2011 real property values were $190.38 million, an increase from the $186.15 million in 2010.
Personal property assessments for 2011 totaled $154.43 million, down from $159.67 million in 2010.
“The good news is we did not have a loss,” Broussard said.
“There was a $1.7 million increase in assessed values for taxable assessments.”
In presenting a breakdown of assessment values by municipalities and wards to the jury, she said the most worrisome area was the 7th Ward.
The area was hit hard when RotoCraft pulled its operations out of the ward, leaving $9.8 million less in assessments for 2011 than the prior year, Broussard said.
Total 2011 taxable values for the entire parish are $310.52 million for tax year 2011, an increase of $901,860 over 2010.
“This is not as good as I hoped it would be,” Broussard said. “Still, any year when there is not a loss is a good year and this is good news.”
Parish Administrator Linda Duhon said the administration was also happy there were no protests to the new assessment.
“People did come to us with questions, but we were able to answer them successfully,” Broussard elaborated.