Oakdale, Louisiana Property Taxes
The median property tax rate in Oakdale, LA is 1.25%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Oakdale at $35,600, the typical annual property tax bill reaches $448, significantly lower than the national median of $2,690. Property taxes in Oakdale 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 Oakdale'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 Oakdale 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
Oakdale, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$445
Ownwell’s Oakdale Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Oakdale using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Oakdale to project your property tax bill. This valuable tool helps you gauge potential tax obligations. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Oakdale, Louisiana
Property taxes in Oakdale, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakdale is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Oakdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakdale 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 Oakdale's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71463 has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Oakdale provides valuable insights into the varying tax landscape across Allen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakdale Tax Rate
1.25%
Average Allen County Tax Rate
1.76%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakdale, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71463 | 1.19% | 1.19% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Oakdale, Louisiana
In Oakdale, 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 Allen Parish Assessor 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 Oakdale, 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. For instance, homeowners in the 71463 zip code, which has the highest median tax bill at $448, should pay close attention to these notices. 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 Oakdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oakdale Assessed Value
$35,600
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 Oakdale, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71463 | $8,300 | $15,700 | $35,600 | $63,200 | $100,000 |
Source: Ownwell
Property Tax Bills Across Oakdale, Louisiana
In Oakdale, located in Allen County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Oakdale is $35,600. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and improvements made to the property. For instance, homeowners in the 25th percentile pay around $200 annually, while those in the 75th percentile pay approximately $803. The 90th percentile sees tax bills as high as $1,276. The highest median tax bill in the area is $448, found in the 71463 zip code. These figures highlight the variability in property tax bills, which can significantly impact homeowners' budgets. Compared to the national median property tax rate of 0.99%, Oakdale's rates may offer some relief to homeowners, especially those with lower-valued properties.
Average Oakdale Tax Bill
$448
Average Allen County Tax Bill
$653
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakdale, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71463 | $105 | $200 | $448 | $803 | $1,276 |
Source: Ownwell