Homestead Exemption
The Homestead Exemption is a Louisiana property tax benefit that reduces the assessed value of your primary residence, lowering your annual property tax bill.
In Louisiana, the first $75,000 of a home's assessed value is exempt from parish property taxes for owner-occupied primary residences. This exemption is filed through your local parish assessor's office and must be applied for — it is not automatic.
The Homestead Exemption applies only to your primary residence. Investment properties, second homes, and rental units do not qualify. If you move, you must refile at your new parish assessor's office.
Why This Matters: The Homestead Exemption directly reduces your property tax obligation and, by extension, your monthly escrow payment. Filing promptly after purchase ensures you receive the benefit from day one. Learn more in our guide to the Louisiana homestead exemption.
Common question
How much does the Louisiana Homestead Exemption save?
In Louisiana, the first $75,000 of your primary residence's assessed value is exempt from parish property taxes. That directly lowers your annual tax bill and your escrow payment.
Do I have to apply for the Homestead Exemption?
Yes. It is not automatic. You must file with your local parish assessor's office. It applies only to your primary residence, not investment or second homes.
Related Topics
Related Mortgage Terms
Not sure if you have filed your homestead exemption? Check with your parish — it could save you hundreds a year.
Want this applied to your situation?
Understanding a term is one thing. Knowing how it affects your loan, your rate, or your closing costs is another. Kara can walk you through exactly how this applies to your file — in plain language, in 30 minutes.
See How This Applies to YouNo obligation. In person, by phone, or on Zoom.
Ready to Take the Next Step?
Clear answers. No pressure. Just a solid plan built around you.
30 minutes. In person, by phone, or on Zoom. No obligation.