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Louisiana Residents Enjoy 5th Lowest Property Tax Burden in the Country
Posted on 10/13/23 at 7:43 am
Posted on 10/13/23 at 7:43 am
quote:
According to the new report, Louisiana is the 5th lowest state when it comes to Property Tax Burden. Here are the five lowest:
1 (lowest). Alabama - 1.41%
2. Tennessee - 1.71%
3. Oklahoma - 1.74%
4 (tie). Delaware - 1.77%
4 (tie). Arkansas - 1.77%
5. Louisiana - 1.95%
For comparison here are the highest Property Tax Burdens in the US:
1 (highest). Maine - 5.48%
2. Vermont - 5.31%
3. New Hampshire - 5.11%
4. New Jersey - 4.98%
5. Rhode Island - 4.48%
Now again, like previous research pieces, the new WalletHub piece did point at Louisiana's problems with sales taxes. Much like The Tax Foundation, WalletHub ranked Louisiana poorly with Total Sales & Excise Tax Burden, where Louisiana ranked as the 5th worst in the nation.
LINK /
Tennessee, which has the 2nd lowest property tax burden, also has no state income tax. However, it appears their state sales tax is tied for 2nd highest in the country, at 7%.
Appears they rank 4th in the country is lowest total state tax burden. LINK .
10
Posted on 10/13/23 at 7:47 am to ragincajun03
But astronomical insurance and they steal the tax money we do pay.
Posted on 10/13/23 at 7:49 am to ragincajun03
Our overall tax burden is middle of the pack though. According to WalletHub we are #28th in total taxes.
WH
WH
Posted on 10/13/23 at 7:51 am to ragincajun03
quote:
However, it appears their state sales tax is tied for 2nd highest in the country, at 7%.
Good
Consumption taxes are the most fair tax there is
This post was edited on 10/13/23 at 7:52 am
Posted on 10/13/23 at 7:51 am to ragincajun03
The MAN is gonna get you , one way, or another.
Posted on 10/13/23 at 8:00 am to Cosmo
quote:
Consumption taxes are the most fair tax there is
This is absolutely and demonstrably false, though. Consumption taxes benefit the ultra wealthy at the expense of the middle class.
Posted on 10/13/23 at 8:14 am to Jester
Regardless of how high or low the taxes are, it cannot be argued that we have some of the worst infrastructure, schools and government programs in the country. Not all of that is just because we don’t have higher funding; a lot of that is poor management and politics.
Posted on 10/13/23 at 8:16 am to Jester
quote:
Consumption taxes benefit the ultra wealthy at the expense of the middle class.
Wut
The ultra wealthy spend a lot of money thus paying a lot more taxes
This post was edited on 10/13/23 at 8:16 am
Posted on 10/13/23 at 8:30 am to ragincajun03
quote:
Tennessee, which has the 2nd lowest property tax burden, also has no state income tax. However, it appears their state sales tax is tied for 2nd highest in the country, at 7%.
While all taxes suck, I prefer consumption taxes, such as sales tax, to income or property taxes.
Tennessee is doing it right.
Posted on 10/13/23 at 8:37 am to ragincajun03
Now do the sales tax
Posted on 10/13/23 at 8:40 am to ragincajun03
quote:
Louisiana Residents Enjoy 5th Lowest Property Tax Burden in the Country
dont piss in my boots and tell me its raining
or something like that
Posted on 10/13/23 at 8:41 am to Bjorn Cyborg
quote:
While all taxes suck, I prefer consumption taxes, such as sales tax, to income or property taxes.
Absolutely. Voluntary transactions instead of forced removal.
Posted on 10/13/23 at 8:46 am to fallguy_1978
quote:
Our overall tax burden is middle of the pack though. According to WalletHub we are #28th in total taxes.
We are one of the poorest and least educated states, but we are in the middle of the pack in taxes. Not good.
Posted on 10/13/23 at 8:48 am to doubleb
quote:
We are one of the poorest and least educated states, but we are in the middle of the pack in taxes. Not good.
Agreed. The fact that 22 states have lower taxes than LA is pretty sad considering what we get for our money.
Posted on 10/13/23 at 8:51 am to ragincajun03
quote:
Louisiana Residents Enjoy 5th Lowest Property Tax Burden in the Country
Let's not get carried away
Posted on 10/13/23 at 8:53 am to fallguy_1978
We are rated about the same as Texas. Think about what Texas gets and what we get for our tax dollars. Think about their overall economy compared to others.
Posted on 10/13/23 at 9:05 am to doubleb
quote:
Think about what Texas gets and what we get for our tax dollars.
Texas actually has a thriving economy
LA is a welfare state
Posted on 10/13/23 at 9:06 am to ragincajun03
I reviewed the WH list and I noticed they didn’t include local sales taxes. EBR is 5%. Add that and see what you get. I bet we pay more property tax than they say we do too here in EBR. Then there’s a big sewer fee and garbage fee.
Posted on 10/13/23 at 9:42 am to ragincajun03
TN really can be great place to live. You get all 4 seasons, loads of outdoor activities, forest, river, lake, hills, mountains, flat lands, …
When Dad got promoted to working based in the West Memphis oil refinery he and mom went way in depth figuring out where to live. They picked TN suburbs over MS and AR for several reasons including taxation of all kinds.
When Dad got promoted to working based in the West Memphis oil refinery he and mom went way in depth figuring out where to live. They picked TN suburbs over MS and AR for several reasons including taxation of all kinds.
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