Louisiana seller net proceeds calculator
Louisiana has no state transfer tax. New Orleans is the exception: Orleans Parish charges a flat $325 documentary transaction tax on each sale.
How transfer tax works in Louisiana
- Rate
- None
- Who usually pays
- Nobody in most of the state. In Orleans Parish the seller pays the $325 tax on the sale, and the buyer pays another $325 if a mortgage is recorded.
- Local taxes
- Only Orleans Parish. It charges a flat $325 on the act of sale, paid by the seller.
- Official source
- Orleans Parish Clerk of Civil District Court
- Last verified
What a Louisiana seller keeps at common sale prices
| Sale price | Seller keeps before mortgage payoff |
|---|---|
| $150,000 | $140,250 |
| $250,000 | $233,750 |
| $400,000 | $374,000 |
| $600,000 | $561,000 |
| $1,000,000 | $935,000 |
Assumes a 5.5% agent commission and 1% in other closing costs, at the "Outside Orleans Parish" rate. Change any figure in the calculator above.
Local rates in Louisiana
| Parish | Total tax on a $400,000 sale | Seller's usual share |
|---|---|---|
| Outside Orleans Parish | $0 | $0 |
| Orleans Parish (New Orleans) | $325 | $325 |
Questions Louisiana sellers ask
Does Louisiana have a real estate transfer tax?
No. Louisiana has no state transfer tax. New Orleans is the exception: Orleans Parish charges a flat $325 documentary transaction tax on each sale.
Who pays the transfer tax in Louisiana, the buyer or the seller?
Nobody in most of the state. In Orleans Parish the seller pays the $325 tax on the sale, and the buyer pays another $325 if a mortgage is recorded.
Are there local transfer taxes in Louisiana?
Only Orleans Parish. It charges a flat $325 on the act of sale, paid by the seller.
How do I estimate my net proceeds in Louisiana?
Start with the sale price, then subtract the agent commission, title and closing fees, and the balance left on your mortgage. On a $400,000 sale with a 5.5% commission and 1% in other costs, a Louisiana seller keeps about $374,000 before paying off the mortgage.
Buying in Louisiana instead? See taxes when buying a house in Louisiana.
More on the basics: What closing costs does a seller pay?, Who pays the transfer tax, the buyer or the seller?, How to calculate net proceeds from a home sale.
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