Orleans Parish (New Orleans), LA Metro · Louisiana County Underwriting Brief

Orleans Parish (New Orleans), LA DSCR Property Tax, Windstorm & Transfer Tax Guide

In Orleans Parish (New Orleans), Louisiana (Orleans Parish (New Orleans), LA metro), 1–4 unit investment properties carry an average effective property tax rate of 1.12% and landlord hazard insurance averaging $1180 per $100K of coverage. At a median 1–4 unit acquisition price of $355,000 and Form 1007 market rent of $2,950/mo, a 75% LTV DSCR loan models at 1.23x DSCR ($2,407/mo total PITIA).

Effective Property Tax

1.12%

Est. $331/mo at median

Landlord Ins / $100K

$1180/yr

Est. $349/mo DP-3

Median 1–4 Unit Price

$355,000

75% LTV: $266,250

Modeled 75% LTV DSCR

1.23x

$2,950 rent / $2,407 PITIA

Orleans Parish (New Orleans) Escrow & Closing-Cost Underwriting Rules

1. Post-Acquisition Tax Reassessment

Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate).

2. Windstorm, Flood & Hazard Tier

Gulf Named-Storm + FEMA Flood + STR Permit Overlay

3. Transfer & Mortgage Recording Taxes

Standard county deed recording & nominal transfer fee ($50–$350 flat or ≤0.20% of consideration).

4. CEMA / Doc-Stamp Optimization Strategy

Underwrite post-acquisition tax bill using county millage calculator to prevent Year-2 escrow shortage.