New Orleans, Louisiana Property Taxes
The median property tax rate in New Orleans, LA is 1.21%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in New Orleans at $177,500, the typical annual property tax bill reaches $1,876, which is below the national median of $2,690. Property taxes in New Orleans are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Orleans' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of New Orleans or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Orleans, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,148
Ownwell’s New Orleans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Orleans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Orleans to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across New Orleans, Louisiana
Property taxes in New Orleans, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Orleans is 1.21%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within New Orleans set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Orleans estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares New Orleans' effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70112 zip code has the highest median property tax rate of 1.41%, while the 70129 zip code has the lowest median tax rate of 0.72%. Understanding how these cities compare with New Orleans provides valuable insights into the varying tax landscape across Orleans Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Orleans Tax Rate
1.21%
Average Orleans County Tax Rate
1.21%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Orleans, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70112 | 0.95% | 1.41% | 1.41% | 1.58% | 1.58% |
| 70113 | 0.39% | 0.84% | 1.41% | 1.41% | 1.58% |
| 70114 | 0.13% | 0.46% | 1.07% | 1.42% | 1.42% |
| 70115 | 0.75% | 1.10% | 1.33% | 1.41% | 1.48% |
| 70116 | 0.53% | 1.05% | 1.41% | 1.41% | 1.41% |
| 70117 | 0.13% | 0.58% | 1.41% | 1.41% | 1.41% |
| 70118 | 0.33% | 0.95% | 1.32% | 1.41% | 1.41% |
| 70119 | 0.35% | 0.89% | 1.23% | 1.41% | 1.49% |
| 70122 | 0.33% | 0.67% | 1.01% | 1.41% | 1.41% |
| 70124 | 0.87% | 1.11% | 1.24% | 1.41% | 1.45% |
| 70125 | 0.47% | 0.99% | 1.21% | 1.41% | 1.45% |
| 70126 | 0.13% | 0.48% | 0.95% | 1.41% | 1.41% |
| 70127 | 0.32% | 0.52% | 0.72% | 1.41% | 1.41% |
| 70128 | 0.27% | 0.59% | 0.90% | 1.41% | 1.41% |
| 70129 | 0.26% | 0.47% | 0.72% | 1.41% | 1.41% |
| 70130 | 0.90% | 1.16% | 1.41% | 1.49% | 1.58% |
| 70131 | 0.29% | 0.61% | 0.91% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across New Orleans, Louisiana
In New Orleans, Louisiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Orleans Parish Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In New Orleans, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in New Orleans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, zip code 70124 has the highest median tax bill at $5,138, while zip code 70126 has the lowest at $859.
Average New Orleans Assessed Value
$177,500
Average Orleans County Assessed Value
$177,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Orleans, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70112 | $88,700 | $130,100 | $198,800 | $313,600 | $477,480 |
| 70113 | $48,510 | $92,900 | $136,200 | $244,600 | $475,810 |
| 70114 | $60,210 | $77,900 | $102,400 | $166,425 | $256,880 |
| 70115 | $192,560 | $275,350 | $398,100 | $571,650 | $833,500 |
| 70116 | $78,840 | $126,000 | $215,000 | $353,100 | $563,020 |
| 70117 | $59,800 | $79,900 | $114,900 | $208,800 | $339,700 |
| 70118 | $84,200 | $142,600 | $311,000 | $502,150 | $797,480 |
| 70119 | $92,480 | $154,862 | $232,000 | $324,300 | $439,900 |
| 70122 | $92,100 | $119,900 | $156,000 | $233,800 | $333,400 |
| 70124 | $262,140 | $335,600 | $427,500 | $531,300 | $659,960 |
| 70125 | $99,680 | $170,900 | $274,500 | $357,700 | $461,600 |
| 70126 | $43,600 | $75,500 | $107,600 | $139,500 | $169,260 |
| 70127 | $84,200 | $101,100 | $117,300 | $137,100 | $161,000 |
| 70128 | $59,000 | $95,500 | $125,400 | $158,200 | $247,100 |
| 70129 | $83,350 | $96,000 | $110,800 | $137,000 | $220,150 |
| 70130 | $160,700 | $231,400 | $328,400 | $507,300 | $819,440 |
| 70131 | $82,600 | $104,600 | $148,150 | $201,800 | $288,620 |
Source: Ownwell
Property Tax Bills Across New Orleans, Louisiana
In New Orleans, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in New Orleans is $177,500. Property tax rates in the city vary, but they are generally determined by multiplying the assessed value by the local tax rate. This process takes into account various factors, including property location, market conditions, and any applicable exemptions or abatements. Homeowners in New Orleans can expect a wide range of tax bills. For example, the 25th percentile tax bill is around $887, while the 75th percentile tax bill reaches $4,006. At the higher end, the 90th percentile tax bill can be as much as $6,527. Notably, the highest median tax bill in the city is $5,138, found in the 70124 zip code, whereas the lowest median tax bill is $859 in the 70126 zip code. These variations significantly impact homeowners, influencing their annual expenses and overall financial planning.
Average New Orleans Tax Bill
$1,876
Average Orleans County Tax Bill
$1,876
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across New Orleans, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70112 | $1,289 | $1,778 | $2,398 | $4,361 | $6,724 |
| 70113 | $159 | $724 | $1,482 | $2,809 | $6,358 |
| 70114 | $93 | $409 | $1,052 | $1,711 | $3,042 |
| 70115 | $1,691 | $3,037 | $4,741 | $7,284 | $10,905 |
| 70116 | $518 | $1,317 | $2,598 | $4,448 | $7,355 |
| 70117 | $97 | $528 | $1,205 | $2,283 | $4,144 |
| 70118 | $418 | $1,307 | $3,456 | $6,207 | $10,223 |
| 70119 | $488 | $1,341 | $2,592 | $3,914 | $5,391 |
| 70122 | $365 | $892 | $1,600 | $2,526 | $3,907 |
| 70124 | $2,490 | $3,799 | $5,138 | $6,629 | $8,428 |
| 70125 | $591 | $1,530 | $3,073 | $4,365 | $5,727 |
| 70126 | $94 | $398 | $859 | $1,424 | $2,002 |
| 70127 | $290 | $549 | $911 | $1,479 | $1,885 |
| 70128 | $223 | $611 | $1,011 | $1,743 | $2,967 |
| 70129 | $217 | $484 | $868 | $1,544 | $2,447 |
| 70130 | $1,780 | $2,881 | $4,243 | $6,757 | $11,003 |
| 70131 | $282 | $701 | $1,318 | $2,141 | $3,476 |
Source: Ownwell