General property taxes are expected to continue the modest growth experienced and are adjusted according to reassessments. The 2024 Budget has been proposed with an estimated 6.1% decrease as recommended by the Parish Assessor. The total collections are estimated to be $49.1 million.
Property is reassessed every four years, with 2020 the most recent year of the regular reassessment. Property subject to taxation is assessed as a percentage of its fair market value. Residential properties and all land are assessed at 10%, other property and electric cooperative properties, excluding land, are assessed at 15%, and public service properties, excluding land, are assessed at 25% of fair market value. The assessor completes the current year tax roll after the budget is submitted to the Council for approval with adjustments other than nominal made during the year.
Below is a comparison of the 2022 and 2023 levied millages and the estimated 2024 tax revenue. The "Maximum Authorized" reflects the taxing jurisdiction's "Adjusted Millage" or "Roll-Forward Millage" adopted in 2020 Reappraisal; or the rate approved by the voters.
| Property Taxes Levied By TPCG | |||||||
| Effective Years | Original Taxpayer Authorized | Maximum Authorized * | 2022 Levy | 2023 Levy | 2024 Estimated Revenue | ||
| Parish Tax - Alimony (Outside) | N/A | 3.03 | 3.03 | 3.03 | 2,493,641 | ||
| Parish Tax - Alimony (Inside) | N/A | 1.51 | 1.51 | 1.51 | 320,383 | ||
| Sewerage Tax - Bonds | 2008-2024 | n/a | 0.59 | 0.63 | 652,149 | ||
| Health Unit - Maintenance | 2020-2030 | 1.66 | 1.66 | 0.66 | 0.66 | 683,204 | |
| Drainage Tax - Maintenance | 2018-2027 | 7.31 | 7.15 | 7.15 | 7.15 | 7,401,379 | |
| Drainage Tax - Bonds | 2004-2024 | n/a | 0.58 | 0.64 | 662,501 | ||
| Road and Bridge - Bonds | 2004-2024 | n/a | 0.58 | 0.63 | 652,149 | ||
| Mental Health | 2020-2029 | 0.42 | 0.42 | 0.42 | 0.42 | 434,766 | |
| Juvenile Detention (Houma) - Maintenance | 2018-2037 | 0.98 | 0.96 | 0.96 | 0.96 | 993,752 | |
| Juvenile Detention (Houma) - Maintenance | 2013-2032 | 0.96 | 0.94 | 0.94 | 0.94 | 973,048 | |
| Recreation Tax - Maintenance | 2021-2030 | 2.21 | 2.21 | 2.21 | 2.21 | 2,287,699 | |
| Terrebonne ARC Maintenance | 2018-2027 | 5.33 | 5.21 | 5.21 | 5.21 | 5,393,173 | |
| Waste Collection & Disposal | 2018-2029 | 11.21 | 10.97 | 9.97 | 10.97 | 11,355,682 | |
| Council on Aging | 2020-2029 | 7.50 | 7.50 | 7.50 | 7.50 | 7,763,684 | |
| Road District No. 6 - Maintenance | 2019-2028 | 0.82 | 0.82 | 0.82 | 0.82 | 34,994 | |
| Road Lighting District No. 1 - Maintenance | 2020-2029 | 6.50 | 6.50 | 3.50 | 1.00 | 132,635 | |
| Road Lighting District No. 2 - Maintenance | 2018-2027 | 3.99 | 3.80 | 2.50 | 0.50 | 109,340 | |
| Road Lighting District No. 3-A - Maintenance | 2020-2029 | 6.50 | 6.50 | 2.25 | 3.00 | 691,857 | |
| Road Lighting District No. 4 - Maintenance | 2018-2027 | 4.75 | 4.69 | 2.50 | 4.00 | 331,386 | |
| Road Lighting District No. 5 - Maintenance | 2020-2029 | 6.50 | 6.50 | 2.00 | 3.50 | 203,225 | |
| Road Lighting District No. 6 - Maintenance | 2022-2031 | 4.77 | 4.77 | 3.50 | 4.70 | 200,577 | |
| Road Lighting District No. 7 - Maintenance | 2014-2023 | 6.22 | 6.00 | 4.00 | 6.00 | 330,713 | |
| Road Lighting District No. 8 - Maintenance | 2022-2031 | 4.63 | 4.63 | 2.25 | 3.00 | 139,263 | |
| Road Lighting District No. 9 - Maintenance | 2022-2031 | 6.50 | 6.50 | 3.00 | 6.25 | 292,510 | |
| Road Lighting District No. 10 - Maintenance | 2022-2031 | 4.89 | 4.89 | 4.75 | 4.75 | 199,652 | |
| City Ad Valorem Tax (General Alimony) | N/A | 6.20 | 6.20 | 6.20 | 1,656,337 | ||
| City of Houma - Fire Protection District | 2019-2028 | 5.08 | 5.01 | 5.08 | 5.08 | 1,357,128 | |
| City of Houma - Police Protection District | 2019-2028 | 5.08 | 5.01 | 5.08 | 5.08 | 1,357,128 | |
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