Reeves, Louisiana Property Taxes
The median property tax rate in Reeves, LA is 2.09%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Reeves being $47,600, the typical annual property tax bill reaches $998, which is below the national median of $2,690. Property taxes in Reeves are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Reeves'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 Reeves 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
Reeves, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$995
Ownwell’s Reeves Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reeves with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reeves 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 Reeves, Louisiana
Property taxes in Reeves, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reeves is 0.33%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Reeves set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reeves 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 Reeves' effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70658 zip code has the highest median property tax rate of 0.53%, while the 70658 zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Reeves 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 Reeves Tax Rate
2.09%
Average Allen County Tax Rate
1.76%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reeves, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70658 | 2.09% | 2.09% | 2.09% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Reeves, Louisiana
In Reeves, 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 Reeves, 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 Reeves helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Reeves is 70658, with a median tax bill of $998.00.
Average Reeves Assessed Value
$47,600
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 Reeves, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70658 | $15,260 | $26,850 | $47,600 | $74,000 | $125,050 |
Source: Ownwell
Property Tax Bills Across Reeves, Louisiana
In Reeves, located in Allen County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Reeves is $47,600. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $564 and the 75th percentile reaching up to $1,545. For those at the higher end, the 90th percentile tax bill can be as much as $2,611. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median property tax rate in Reeves is relatively modest compared to the national median of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Accurate assessment and awareness of possible exemptions can help manage and potentially reduce the tax burden, making homeownership more affordable in Reeves.
Average Reeves Tax Bill
$998
Average Allen County Tax Bill
$653
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Reeves, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70658 | $322 | $564 | $998 | $1,545 | $2,611 |
Source: Ownwell