Louisiana Property Tax Calculator
Calculate property taxes in Louisiana. LA effective property tax rate is 0.55% with a median home value of $195,000. Includes LA assessment ratios and exemptions.
Louisiana at a Glance
$195,000
Median Home Price
0.55%
Property Tax Rate
$3,600
Avg Home Insurance
$472,030
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Louisiana
The median home price in Louisiana is $195,000, which is 54% below the national average of $420,000. Louisiana's effective property tax rate of 0.55% is 0.55 percentage points lower than the national average of 1.1%.
| Metric | Louisiana (LA) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $195,000 | $420,000 | -54% |
| Property Tax Rate | 0.55% | 1.1% | -0.55% |
| Home Insurance (Annual) | $3,600 | $2,300 | +57% |
| State Sales Tax | 4.45% | 5% | -0.5% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Louisiana offers a homestead exemption of $75,000, which reduces the taxable value of your primary residence. The state uses an assessment ratio of 10% to determine the assessed value for property tax purposes.
Homeownership in Louisiana
Louisiana has one of the most favorable property tax structures in the country -- a 0.55% effective rate combined with an assessment ratio of just 10% of market value and a $75,000 homestead exemption means many modest homeowners owe little or no property tax. However, the state's exposure to hurricanes drives home insurance premiums to an average of $3,600 per year, with coastal areas paying far more. New Orleans, Baton Rouge, and Shreveport each have distinct market dynamics.
Tips for Louisiana Homebuyers and Homeowners
- The Louisiana Homestead Exemption of $75,000 exempts the first $75,000 of assessed value (which is already 10% of market value) from property taxes -- meaning homes worth $750,000 or less with the exemption may pay minimal property tax.
- Home insurance in coastal Louisiana is extremely expensive -- Lloyd's syndicates and surplus lines are sometimes the only coverage available in high-risk parishes, at prices that can triple or quadruple standard rates.
- Louisiana's tax structure for homeowners is among the most favorable in the country -- combined property, income, and sales tax burdens are relatively low for homeowners who don't commute or spend heavily.
- New Orleans has unique architectural regulations, particularly in historic districts -- renovation costs are higher due to preservation requirements, and flood insurance is a mandatory additional cost in most flood zones.
Louisiana Programs and Assistance
- Louisiana Housing Corporation (LHC) Market Rate GNMA Program -- below-market FHA and VA mortgages available statewide through participating lenders.
- LHC Soft Second Program -- provides a second mortgage for down payment assistance at 0% interest, deferred for 30 years if the buyer remains in the home.
- The Road Home Program (historic) -- no longer active for post-Katrina grants, but awareness of the program explains some of the elevated property renovation in affected neighborhoods.
Did you know? Louisiana's combination of a 10% assessment ratio and a $75,000 homestead exemption means a home valued at $750,000 could have an effective tax bill of $0 for an owner-occupant -- the most generous homestead relief of any state in the country.