Louisiana vs Tennessee
Property‑Tax Comparison: Louisiana vs. Tennessee
Intro
Both Louisiana and Tennessee levy property taxes at an effective rate of 0.55 percent, according to the U.S. Census Bureau’s 2023 American Community Survey (ACS) 5‑year estimates. While the tax rate is identical, the states differ in median home values, median annual property‑tax payments, and median household incomes, which can affect the overall tax burden for residents.
Side‑by‑Side Metrics
| Metric (2023 ACS) | Louisiana | Tennessee |
|---|---|---|
| Effective property‑tax rate | 0.55 % | 0.55 % |
| Median home value | $208,700 | $256,800 |
| Median annual property tax | $1,146 | $1,400 |
| Property tax on a $250,000 home | $1,373 | $1,363 |
| Property tax on a $500,000 home | $2,746 | $2,726 |
| Median household income | $60,023 | $67,097 |
| Relevant internal links | Louisiana property tax | Tennessee property tax |
Which State “Wins” on Property Tax?
Based on the effective property‑tax rate, the two states are equal (0.55 %). Consequently, there is no clear winner when the comparison is limited to the tax rate alone.
When looking at the dollar amount of tax owed for specific home values, Tennessee’s tax on a $250 k home ($1,363) and a $500 k home ($2,726) is marginally lower than Louisiana’s ($1,373 and $2,746 respectively). The differences are $10 and $20 per year, respectively, which stem from slightly different assessment practices and local levy structures rather than a different statutory rate.
Who Might Find This Comparison Most Relevant?
| Audience | Why the data matters |
|---|---|
| Current or prospective homeowners | The median home values and resulting median tax bills indicate the typical annual cost of owning property in each state. |
| Retirees | Property‑tax burden relative to median household income helps assess affordability in retirement. Tennessee’s higher median income and slightly lower tax on the same home values could be advantageous. |
| Real‑estate investors | Knowing the tax amount for $250 k and $500 k properties aids in cash‑flow calculations for investment properties. |
| Policy analysts | The identical effective rates illustrate how local assessment bases and home‑price differences influence overall tax revenue. |
Summary
- Effective tax rate: Identical at 0.55 % for both states.
- Median tax payment: Higher in Tennessee ($1,400) because of higher median home values, despite the same rate.
- Tax on specific home values: Slightly lower in Tennessee ($10–$20 per year).
- Overall affordability: Tennessee shows a higher median household income, which may offset its larger median tax bill for many residents.
All figures are drawn from U.S. Census Bureau data – the 2023 American Community Survey 5‑year estimates.
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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.