Condo Taxes vary by Parish
Homestead Exemption $75,000
Taxes on a condo are going to be different from parish to parish and slightly different between the various towns. They are the same rate as a home.If you are using the condo as your primary residence you will be able to claim your homestead exemption. This is a 75k reduction on the value of your condo. Your assessed value will be your sales price times the tax rate. You will have to file for your homestead exemption once your sale is recorded. This will be your only amount that your lender may hold in escrow so you can pay taxes out of this fund. Orleans parish collects taxes for the year ahead. Jefferson and the other metro parishes collect in arrears. This is an approx. rate for each parish but will vary per area and taxing district.
175k home minus the 75k homestead exemption leaves you 100k. times your millage rate.
|Orleans Parish 12.844 or $1284.40 per 100k|
|Jefferson Parish .111 or $1110 certain areas vary by town|
|St. Charles Parish .114 or $1140 westbank and eastbank diff.|
|St. Tammany .160 or $1600 about 40 different areas|
|St. John .126 or $1260 westbank and eastbank diff|
|St. Bernard .108 or $1080 slight variation for 6 areas|
|Plaquemines .065 or $650 parish wide|
Parishes also have fees attached to water and sewerage bills for additiona revenue which will vary by parish. Car insurance rate will vary greatly as will home owners insurance. Best to get a quote from your Agent. I have the exact numbers upon request. These differences will show up in your condo fees, as there is no free lunch for property owners.