Calculating Your New Orleans (Orleans Parish) Property Tax Assessment

Property taxes in Orleans Parish are due in advance at the beginning of the tax year. Parish taxes are due January 31 and are delinquent February 1. Residential property is assessed at 10% of its appraised value, less a $7500.00 Homestead Exemption (if applicable). A property owner may only claim a homestead exemption for property that is the domicile of the owner and may not be used for rental or vacation property. From there, the millage rate that is set for the year is used to determine the final amount of property tax that is due.

Here is how to calculate your 2008 Orleans Parish Property Tax using the following example:

$100,000.00 Appraised Value
x 10%
__________
$10,000.00 Assessed Value
-7,500.00 Less Homestead Exemption
__________
$2,500.00 Taxable Value

$2,500.00
x .12844 Orleans Parish Millage Rate (2008)
__________
$ 321.10*

Note: All properties in Orleans Parish (with few exceptions) are subject to the Police and Fire millage, even if they qualify for Homestead Exemption.

To Calculate the Police and Fire Tax:

$7500.00
x .01047 Orleans Parish Police and Fire Millage (2008)
________
$75.83

TOTAL ANNUAL TAX DUE: $321.10 + $75.83 = $399.63