Orleans Parish Assessor Erroll Williams is reminding New Orleans property owners to take advantage of tax breaks they may be eligible for, including the Homestead Exemption, Special Assessment Level, and the new Veteran’s Exemption.
The Homestead Exemption is available to every person who owns and occupies a home in Orleans Parish as their primary residence (domicile). This exempts the first $75,000 of the home’s market value ($7,500 of assessed value) from taxation.
The Special Assessment Level offers a freeze on the taxable assessment of a home for eligible property owners who are 65 years or older or permanently disabled and adjusted gross income is $100,000 or less.
A Veteran’s Exemption is also available for service members who have a service-connected disability rating of 50 percent or more.
The application for Special Assessment Level and Disabled Veteran Assessment freeze must be submitted by August 15, 2023 for it to be in place prior to the 2024 tax year. However, we strongly recommend property owners apply for these benefits prior to the open rolls period, which runs July 17, 2023 through August 15, 2023.
“If you believe you may qualify for a Homestead Exemption, Special Assessment level, or Veteran’s Exemption, please don’t wait,” said Assessor Erroll G. Williams. “Visit us today at www.nolaassessor.com, City Hall, or the Algiers Courthouse. This is a quadrennial revaluation year and we strongly encourage all property owners who believe they may qualify for these tax benefits – or have any other questions – to visit us before the assessment rolls open in July.”
The assessment rolls will be open from July 17, 2023 to August 15, 2023, but property owners can apply for these tax benefits now by scheduling a virtual or in person meeting online or by calling (504) 754-8811. Walk-ins are also welcome.