Florida vs Louisiana
Property Tax Comparison: Florida vs. Louisiana
Intro
Both Florida and Louisiana levy property taxes that fund local services such as schools, police, and infrastructure. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Louisiana’s effective property tax rate is lower than Florida’s, resulting in smaller annual tax bills for comparable home values. The following tables and analysis present the key metrics side‑by‑side.
Key Metrics (2023 ACS 5‑year)
| Metric | Florida | Louisiana |
|---|---|---|
| Effective property tax rate | 0.79 % | 0.55 % |
| Median home value | $325,000 | $208,700 |
| Median annual property tax | $2,555 | $1,146 |
| Property tax on a $250,000 home | $1,966 | $1,373 |
| Property tax on a $500,000 home | $3,931 | $2,746 |
| Median household income | $71,711 | $60,023 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Who Wins on Property Taxes?
- Winner (lower tax rate): Louisiana
- Rate difference: 0.24 percentage points, which is a 30.16 % lower effective rate than Florida’s.
Annual tax difference for example home values
| Home value | Florida tax | Louisiana tax | Difference (Florida – Louisiana) |
|---|---|---|---|
| $250,000 | $1,966 | $1,373 | $593 |
| $500,000 | $3,931 | $2,746 | $1,185 |
Based on the most recent ACS estimates, Louisiana’s lower effective rate translates into consistently smaller property‑tax obligations across a range of home values.
Which Audiences Might Find This Comparison Most Relevant?
| Audience | Relevance of lower property tax |
|---|---|
| Current homeowners | Reduced annual outlays can affect budgeting and cash flow. |
| Prospective homebuyers | Property‑tax level influences total cost of ownership, especially when comparing similar‑priced homes. |
| Retirees | Many retirees are on fixed incomes; lower property taxes may improve affordability of staying in or moving to a state. |
| Real‑estate investors | Property‑tax expense is a component of the overall return on investment. |
| Policy analysts | The rate differential provides a data point for evaluating state and local tax structures. |
The comparison is factual and does not account for other tax categories (e.g., income or sales tax), exemptions, or local variations within each state.
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All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year) and reflect median values and effective rates as reported for each state.
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Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.