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Posted inLand Use

Audubon Place, one of New Orleans’ most exclusive streets, a property-tax bargain

The street is valued at less than $3 per square foot, compared to $14 for Trianon Plaza, a private street in Fountainbleau. The difference is more dramatic when you factor in the difference in property values along those streets. If Audubon Place were valued at a similar rate, the street would be valued at $8.85 million, not $500,000 as it’s now assessed.