
BGR: 37% of New Orleans Property Value Tax-Exempt
By Site Staff
Source: Biz New Orleans
November 6, 2026
The Story
In 2025, $2.74 billion, or 37%, of New Orleans’ real estate assessed value was exempt from property taxes, according to a Bureau of Governmental Research (BGR) report released Nov. 5. The share is likely among the largest nationally.
BGR’s Role
“Many exemptions serve important public goals, and this report is not a call to tax all exempt property,” said BGR President and CEO Rebecca Mowbray. “But when more than a third of the city’s real estate value is off the tax rolls, the residents and businesses that do pay property taxes carry a greater share of the cost. With a key drainage tax set to expire in 2027, City leaders have an opportunity to make sure owners of tax-exempt property help support the services and infrastructure they rely on.”
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