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.
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.
Schedule a Free ConsultationNo 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.