Louisiana (LA) property tax rate: 0.55% | Median home: $205,000 | Median annual tax: $1,128
Louisiana is an affordable Gulf Coast state with unique culture. The average effective property tax rate in Louisiana is 0.55%, which is below the national average of 1.1%.
On the median Louisiana home valued at $205,000, annual property taxes come to approximately $1,128 or $94/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Louisiana homestead exemption exempts the first $75,000 of home value from property tax.
Combined with Louisiana's state income tax rate of 4.25%, homeowners should consider the total tax picture. Property taxes in Louisiana are manageable and in line with regional averages.
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Louisiana has an average effective property tax rate of 0.55%. On the median home value of $205,000, that equals approximately $1,128 per year or $94 per month.
Property taxes in Louisiana are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Louisiana homestead exemption exempts the first $75,000 of home value from property tax.
Louisiana property taxes are well below the national average of 1.1%. This is a genuine financial advantage for homeowners in Louisiana.
Property tax due dates vary by county in Louisiana. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.