How do I apply for Homestead Exemption in St. Tammany Parish?

Fill out the St. Tammany Homestead Exemption Form and bring it to one of the following offices:

Covington Office
St. Tammany Parish Justice Center
701 N. Columbia Street
(985) 809-8180

Slidell Office
61134 North Military Rd.
(985) 646-1990

First District Assessor Office Hours 8:30 a.m. to 4:30 p.m. Monday through Friday

What is the Homestead Exemption?

The original homestead exemption was created many years ago. Its intention was to exempt as many homes as possible from the payment of property taxes. In 1980, voters, statewide, approved an increase in the homestead exemption to its current level of $75,000.

The homestead exemption allows that the first $7500 of assessed value on an owner occupied home will be exempt from property taxation.

The homestead exemption is permanent as long as the homeowner continues to own and permanently reside at that location. If the owner moves to another location or sells the property, the homestead exemption on that property will be canceled.

Only one homestead exemption in the State of Louisiana can be granted on a home that is owned and permanently occupied as a domicile. A homestead exemption cannot be applied to a property that is not permanently occupied by its owner.

How is my property value determined?

A variety of tools are used to assess a property’s value based on whether the property is residential or commercial, and whether or not the property produces income for the owner. When accurate and sufficient data is available, analyzing the sales prices of homes within a neighborhood is useful for setting residential value. However, size, depreciation schedules, construction costs, income and expense data may also play a part when determining a property’s value.  Or, feel free to search for your approximate property value on the St. Tammany Parish Assessor’s page.

How do I calculate my taxes?

Tax Rates are based on
 millages, bond issues, and fees that have been voted by registered voters in the various districts which have been established by the Legislature or Constitution. The tax monies collected for the districts go to pay for schools, roads, law enforcement, fire protection, and other services that the taxpayers demand and desire from local government.

To calculate the taxes
 on your property, you must take the Assessed Value, which is a percentage of “Fair Market Value”, and multiply it by the appropriate tax or millage rate to arrive at the amount due. If, as an example, you have $1,000 of taxable Assessed Value and the appropriate Tax Rate is 170 mills, you would pay $1000 X .170 = $170 in taxes. If your home is valued at $100,000 and Assessed at 10 percent, or 10,000, and you are eligible and have signed for Homestead Exemption, you would calculate your taxes as follows:

Residential Example $100,000 (Fair Market Value Land and Improvements)
x 10% (Assessment Level for Residential Property)
$10,000 (Assessed Value)
-7,500 (Maximum Homestead Exemption)
2,500 (Taxable Value)
x .170 (Parish Tax Rate 170 mills)
$425 (Total Parish Taxes Due)

NOTE: The example is for Parish Taxes only as Homestead Exemption does not apply to City Taxes or extra “fees”.

Commercial Example $200,000 (Fair Market Value Commercial Improvements)
x 15% (Assessment Level for Commercial Imp.)
$30,000 (Assessed Value Improvements)
$100,000 (Fair Market Value Commercial Land)
x 10% (Assessment Level for Commercial Land)
$10,000 (Assessed Value Land)
$40,000 (Taxable Value Land and Improvements)
x .170 (Parish Tax Rate 170 mills)
$6,800 (Total Parish Taxes Due)

*All information is based on information provided by the St.Tammany Parish Parish Assessor’s Office website (www.stassessor.org) and the New Orleans Real Estate Title Specialists website (www.crescenttitle.com)