The Bayou Region is an affordable place to live.
In the Bayou Region, residents benefit from a booming economy, one of the nation’s lowest unemployment rates, and a four-parish area filled with activity and fun. Anchored by Thibodaux at the northern part of the region and Houma a bit further south, the Bayou Region offers easy and affordable living.
Industry publications are taking notice of the region’s low property taxes and overall tax burden. In 2015, Louisiana's total tax burden ranked as the fifth lowest in the U.S., according to the non-partisan research group Tax Foundation.
Homeowners across the Bayou Region automatically qualify for Louisiana’s homestead exemption on their primary residence. Through this exemption, the first $75,000 of assessed value is not taxed at the parish or city level. Combined with no state property tax on primary residences, the state’s homestead exemption helps make Louisiana eighth lowest in the country for property taxes, according to 2015 Tax Foundation research data.
Depending on the needs they exist to fund, local sales taxes may fluctuate but Louisiana’s statewide sales tax rate of four percent is one of the 13 lowest in the country. In the Bayou Region, local sales taxes typically fund projects and programs designed to maintain a strong quality of life for residents.
Guided by a five-year capital improvements program, Terrebonne Parish is working to upgrade and enhance key infrastructure components across the area by adhering to a planning, budget-based approach. For the 2015 Terrebonne Parish operating budget, nearly $181 million in capital improvements were earmarked and supported locally by a parish wide quarter-cent sales tax. Projects ranging from road improvements and drainage upgrades to public building enhancements and parish sidewalks and trails were targeted for investment. A planned boardwalk extension along Bayou Terrebonne in downtown Houma will enhance pedestrian access to local shops, restaurants and scenic views across the downtown area.