Grant, Louisiana Property Taxes
The median property tax rate in Grant, LA is 1.96%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Grant, the typical annual property tax bill reaches $1,149, exceeding the national median of $2,690. Property taxes in Grant are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grant's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Grant or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grant, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$1,151
Ownwell’s Grant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grant to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Grant, Louisiana
Property taxes in Grant, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grant is 0.37%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Grant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grant estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Grant's effective property tax rate to other counties in Louisiana and the national median. For comparison, the highest median property tax rate in the region is 0.53%, while the lowest median tax rate is 0.37%. Understanding how these cities compare with Grant provides valuable insights into the varying tax landscape across Allen Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grant Tax Rate
1.96%
Average Allen County Tax Rate
1.76%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grant, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70644 | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Grant, Louisiana
In Grant, Louisiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Grant, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Grant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,149 in zip code 70644, while the lowest median tax bill is also $1,149 in the same zip code.
Average Grant Assessed Value
$58,700
Average Allen County Assessed Value
$40,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grant, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70644 | $13,120 | $28,600 | $58,700 | $106,500 | $145,940 |
Source: Ownwell
Property Tax Bills Across Grant, Louisiana
In Grant, located in Allen County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Grant can expect a range of property tax bills, influenced by various factors such as property size, location, and improvements. The median home price in Grant stands at $58,700. Property tax bills can vary significantly, with the 25th percentile at $560 and the 75th percentile at $2,085. For those at the higher end, the 90th percentile tax bill reaches up to $2,855. These figures indicate that while some homeowners may pay relatively modest taxes, others could face substantially higher bills depending on their property's assessed value and specific circumstances. Comparatively, the highest and lowest median tax bills in Allen County both stand at $1,149, which is above the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners' financial planning and overall cost of living.
Average Grant Tax Bill
$1,149
Average Allen County Tax Bill
$653
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Grant, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70644 | $257 | $560 | $1,149 | $2,085 | $2,855 |
Source: Ownwell