Taxes in Monroe
Monroe's tax picture combines Louisiana's real, current flat 3% state income tax with Ouachita Parish's own genuinely low property tax rate.
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Learn moreLouisiana's real, current flat income tax
Louisiana's flat 3% individual income tax (effective January 1, 2025) replaced the old graduated 1.85%/3.5%/4.25% brackets, alongside a full elimination of the corporate franchise tax -- funded in part by a state sales tax increase from 4.45% to 5.0% (through 2029).
Ouachita Parish's genuinely low property tax
Ouachita Parish's own effective property tax rate ran approximately 0.40%-0.80% across sources reviewed this pass -- genuinely low against the ~1.02% national median.
Louisiana's real $75,000 homestead exemption
The first $75,000 of a primary residence's market value ($7,500 of assessed value) is exempt from parish property tax under Louisiana's real, constitutional homestead exemption, applying to Monroe homeowners as elsewhere in the state.
Key takeaways
- Louisiana's flat 3% state income tax (effective 2025) applies statewide, including in Monroe.
- Ouachita Parish's effective property tax rate (~0.40%-0.80%) runs genuinely low nationally.
- Louisiana's real $75,000 homestead exemption further reduces most Monroe homeowners' parish tax bill.
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