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Louisiana Property Tax

Louisiana Property Taxes are assessed and collected by parishes and municipal districts at local level. There are 64 parishes and 7 municipal districts in the state of Louisiana, which are regulated by the Louisiana Tax Commission of Louisiana Department of Revenue in matters concerning property assessment. All the owners of real estate in Louisiana are required to file a property tax return with their respective parish assessor's offices.

LA Property Tax Assesment

Moreover, the property subject to taxation must be listed on the assessment rolls within the specified period. The property assessment depends on the fair market value of the property. For property tax purposes, real property in Louisiana has been divided into several classes. However, the percentage of fair marker value for a particular class of property remains uniform throughout the state.

While the percentage of fair market value for ad valorem taxation is 10 percent for land and improvements for residential purposes, the same is 15 percent for electric cooperative properties excluding land. On the other hand, the percentage of fair market value for public service properties excluding land is 25 percent.

Louisiana Property Tax Law

There is also a provision for homestead exemption according to Louisiana Property Tax Laws. This exemption is for owner-occupied houses and its maximum value is $7,500 of assessed value. For more information regarding various aspects of LA Property Taxes, you should visit the assessor's office of your parish. Alternatively, you may contact the officials of Louisiana Tax Division for any query regarding property taxes in Louisiana, LA.


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