Central Louisiana boasts affordable living
Spanning ten parishes anchored by the City of Alexandria, Central Louisiana residents enjoy access to quality schools and homes located in community-minded neighborhoods. Central Louisiana is also home to some of the most homeowner-friendly property taxes in the country, making life in the region more enjoyable and affordable. In 2015, the non-partisan tax research group Tax Foundation ranked Louisiana's total tax burden as the fifth lowest in the U.S.
Throughout the region, homeowners automatically qualify for Louisiana's homestead exemption on their primary residence. Through the exemption, the first $75,000 of assessed value is not taxed by the parish. And because Louisiana has no state property tax on primary residences, it is ranked eighth lowest in the country for property taxes by 2015 Tax Foundation research data.
While local sales taxes may fluctuate depending on the various public needs they exist to fund, Louisiana's statewide sales tax rate of four percent is one of the 13 lowest in the country. In the City of Alexandria, local officials are working to put residents' tax dollars to work in ways that improve quality of life for the area.
According to the city's 2014-2015 budget, a 5-year plan exists to guide the implementation of the city's Capital Improvement Program, which includes street and road improvements, drainage upgrades, economic development projects and public facility improvements. The program and the community projects it routinely completes are popular among locals: Alexandria residents have renewed a five-year property tax on five separate occasions to sustain its ongoing funding. The city has allocated $38 million from 2014-19 to fund these capital improvement projects.