Low taxes and strategic municipal investments are hallmarks of Louisiana's Acadiana region.
From upscale neighborhoods and good schools, to a sense of culture one simply can’t find anywhere else in the country, people who move to Acadiana tend to stay in Acadiana. And there’s a good reason why.
In 2015, the Tax Foundation, a non-partisan tax research group based in Washington D.C., ranked Louisiana’s total tax burden as fifth lowest in the United States, due in large part to the state having some of the most homeowner-friendly property taxes in the country.
Throughout the Acadiana region, residents are able to apply the state’s homestead exemption to their primary residence. Through this exemption, the first $75,000 of a homeowner’s primary residence is untaxed by the state. The relatively low property taxes Louisiana residents enjoy have helped propel the state to being ranked eighth lowest in the country for property taxes.
While local sales tax rates may fluctuate depending on the various infrastructure or public service needs they exist to fund, Louisiana, as a whole, again proves to be competitive when it comes to other states with a statewide tax rate of just four percent—one of the 13 lowest rates in the country.
At a local level, sales tax proceeds fund a bevy of critical needs that demonstrate Acadiana’s commitment to a strong quality of life. Dedicated funding for public school systems across the Acadiana area helps ensure a quality public school education is always nearby, and initiatives such as Lafayette’s $381.4 million multi-year capital improvement plan help fund infrastructure needs from parks and recreation to drainage improvements throughout the City-Parish.
In addition, Lafayette is also home to one of the largest and earliest municipal fiber optic networks in the country, providing residents and businesses with Internet speeds of up to 100 megabits per second. In 2005, the residents of Lafayette voted overwhelmingly to approve the issuance of bonds that would fund the build-out of this network of more than 83,000 miles of glass fiber that would ultimately provide an unprecedented level of high-speed Internet access for residents of the Lafayette area.