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Louisiana has an effective property tax rate of 0.55%, producing an average annual bill of $983. The US national average is 1.07% — Louisiana's rate is well below, placing it at rank #9 out of 50 states (rank 1 = lowest).
Louisiana assesses residential property at 10% of fair market value. The low assessment ratio, combined with a generous homestead exemption, makes Louisiana one of the most affordable property tax states in the South.
Louisiana's homestead exemption is among the most generous in the nation: $75,000 of assessed value (which equates to $750,000 of market value at the 10% ratio) is completely exempt from property taxes for primary residences.
No statewide cap on assessment increases, but the combination of low assessment ratios and the large homestead exemption means most primary homeowners see modest tax bills regardless of market appreciation.
In Orleans Parish (New Orleans), a $500,000 home has a taxable assessed value of only $50,000, minus $75,000 exemption, resulting in a $0 property tax bill for the homeowner on that portion.
The median home value in Louisiana is $195,000. New Orleans and Baton Rouge have seen moderate growth. Hurricane risk and insurance costs are significant factors in the Louisiana housing market. At the 0.55% effective rate, a homeowner at the median value pays roughly $983/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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