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Resource ID: #21643
Subject: Assessments
Source: Times-Picayune (New Orleans)
Date: 2004-04-04



"The series was devoted to determining how inaccurate residential property assessments in New Orleans were, and why. The major findings: The average home sold for 70 percent more than its assessed value. Homes that sold recently were much more accurately assessed than those that hadn't sold for a generation. Political donors got favorable treatment. The results: Newcomers pay extremely high taxes, while the city overall has an anemic tax base and poor services. In addition to the main series we published four other exposes during the year involving particularly egregious assessment abuses."

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