How low are Property Taxes in Louisiana? (sales, renters)

[unseengundam]

I heard the property taxes in were low Louisiana. Can anyone estimate how much in property tax would it be for a 200k house? Not sure how different Property Tax rates are across the state, but I am mainly thinking about Northern Louisiana areas.

[hindsight2020]

Oh brother, they are LOOOOOOOOOOOWWWWWWW. Louisiana uses a millage system based on 10% of the assessed value of the home. The millage values are different by county here (called parishes).

So let's see, in Bossier I *think* the millage is 83. So that means the following. 10% of 200K is 20K. There's a $7,500 homestead exemption so that is 12,500. A millage amount is 1/1000 times the millage value. So take 12,500*83/1000 = $1037.50 <== That's your property tax for the YEAR. If that's not low I don't know what is.

Clearly TX gets their money with property taxes, as you can see there's no free lunch in TX either, unless you're stinking rich and rent.

[unseengundam]

WOW!!! Thanks for the info. Texas's property taxes goes up to 3%, some are maybe 2.5%. So 200k houses over here it is 6000 to 5000!!! That is very high, very high compared to LA.

I am mainly asking this because my parents are thinking about retiring and moving to TX or closer to where I live. My parents retirement income is low so no Income Tax in Texas isn't going to help, BUT the properly tax will probably kill their budget! Northern LA areas might be good are for them to settle into.

[Ebeard]

We elect our tax assessors so they tend to be nice to taxpayers. Homes in my neighborhood sell for about 160k our assessed value tend to be in the 100 k range. I acually paid property tax for the first time this year 450.00

The homestead expemption is only for homeowners so its the buisnesses and renters that make up the tax revenue.

Of course our sales tax is near 9% but only cost 30.00 to renew car registration for 2 years.