Twitter
LinkedIn
YouTube
FacebookI was raised in Thibodaux, LA and am currently reside in CA. I would like to go back to Louisiana and invest commercial/office real estate in the French Quarter area of New Orleans. Can someone from that area give me some helpful advice? Would Baton Rouge be a better investment area?
well you know about Katrina the tax offices in N.O. are in turmoil and will remain so for at leats two more years after that the area will be hit with a MAJOR reassessment and thus the probability of property taxes will skyrocket is about 95%.
Take it for whats it worth.
Louisiana has 3 personal income tax brackets, ranging from 2 percent to 6 percent. The sales tax rate is 4 percent: a 3.97 percent Louisiana sales tax and a .03 percent Louisiana Tourism Promotion District sales tax. Political subdivisions also levy their own sales tax in addition to the state fees. The state also has a use tax, which includes 4 percent to be distributed by the Department of Revenue to local governments. Property taxes are assessed and collected at the local level.