Tax Burden in ZIP Code 70112
New Orleans, LA — Orleans Parish
At the median income of $42,000, the estimated total tax burden in ZIP 70112 is $8,871 (21.1% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$4,200
FICA
$3,213
Property Tax
$1,458
Total Tax Burden
$8,871
21.1% effective
Tax Details for ZIP 70112
ZIP code 70112 is located in Orleans Parish, LA, within the New Orleans MSA metropolitan area. The area has a cost of living index of 98 (100 = national average), close to the national average.
The effective property tax rate is 0.55%. On the median home price of $265,000, this equals $1,458 per year ($121/month).
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