Property taxes in Louisiana are assessed and collected by the parishes and municipal districts at the local level. Residential real property in Louisiana is assessed at 10% of the fair market value. Tax assessors must reassess real property every four years. The assessed value of the property is multiplied by the millage rate to calculate property taxes. As explained by the Louisiana Tax Commission, a mill is one tenth of one percent. So if the fair market value of your home is $200,000, the assessed value (before exemptions) would be $20,000 (10%). If the millage rate is 150, the property taxes would be $20,000 times 0.150 = $3,000.
Louisiana residents who own and occupy a home as their principal residence are entitled to a homestead exemption of $7,500. This reduces the assessed value of your home and therefore your property taxes. In the above example, the assessed value would then be $12,750 ($20,000 – $7,500) and the property taxes would be $1,875. You should note that the homestead exemption applies on parish taxes. Municipal and city taxes are not exempt.
As indicated by the Webster Parish Assessor, mobile home owners qualify for the homestead exemption even if they don’t own the land on which the mobile home is located. The homestead exemption can be claimed by the resident owner or a surviving spouse who occupies the home. Residential property acquired through a donation or a trust can also qualify for the homestead exemption.
You generally have to apply for the homestead exemption for the first time at your local parish tax assessor’s office. You can find links to the parishes in Louisiana, with addresses, phone numbers, emails, and websites, if applicable, on the Louisiana Assessors’ Organization website. Once approved, the homestead exemption is in effect as long as you own and reside in your home.
Louisiana homeowners age 65 or older who qualify for a homestead exemption are also eligible for a special assessment freeze if their adjusted gross household income is below a certain amount. This amount may change from year to year, so you should check with your parish assessor’s office to see if you qualify. The special assessment freezes the value of the home for property tax purposes as long as you own and reside in the home, and your income does not exceed the limit. A surviving spouse age 55 or older also qualifies for this freeze, if he or she meets the other requirements. If you make improvements with a value of over 25% of the home’s value, you no longer qualify for the special assessment freeze.
Homeowners who are 100% permanently and totally disabled can qualify for an assessment freeze. Also, veterans who have a service-connected disability rating of 50% or more, and spouses of members of the armed forces or Louisiana National Guard who were killed in action, are missing in action, or are prisoners of war can also qualify for an assessment freeze.
FAQ – Louisiana Tax Commission
Louisiana Assessors by Parish – Louisiana Assessors’ Organization
Property Taxes – Louisiana Public Square
Tax Relief/Exemptions – Webster Parish Assessor