Six renewals are on the December 12 ballot. Here's what each one costs you.

Renewals of taxes Franklin Parish already has. Nothing new. This site shows what each one costs you and what the money goes toward, so you can be informed when you go to vote.

What it costs you What's on the ballot

Franklin Parish, drawn as farmland, a home, a barn and the bayou inside the parish outline

How property tax works here

Step 1

1 of 7

Start with your home's value

Market value

$120,000

What the Assessor says your house and lot are worth. Not what you paid.

Step 2

2 of 7

Only a tenth of it counts

Assessed value

$12,000

Homes are assessed at 10% of value. This is your "assessed value."

Step 3

3 of 7

Own it and live in it? Take $7,500 off

Taxable value

$4,500

The homestead exemption covers the first $75,000 of a home you own and live in. $12,000 minus $7,500 leaves $4,500 to tax.

Step 4

4 of 7

What's a mill?

Mill

$1 per $1,000

One mill is one dollar of tax for every $1,000 of taxable value. Each renewal on the ballot is a number of mills.

Step 5

5 of 7

Multiply by the mills

Your yearly tax

$194.22 a year

All five renewals add up to 43.16 mills. $4,500 of taxable value × 43.16 ÷ 1,000. About $16 a month.

Step 6

6 of 7

Home worth $75,000 or less?

Fully exempt

The exemption covers all of it. That's 61% of the homesteads in Franklin Parish. Camps, rentals and businesses get no exemption and pay on the full assessed value.

Also

7 of 7

A few other things can change your taxable value

Special cases

Disabled veterans get a bigger exemption. Owners 65 and up, and disabled owners, can freeze their assessed value. Farm and timber land is valued on what it grows, not what it would sell for. Business buildings count at 15%, not 10%. The Assessor's office can tell you which of these apply to you.

What these taxes would cost you

and what that money goes toward

Two taps

What's on the ballot

Six renewals of taxes the parish already has. Tap one for the full story and the ballot language.