Sugartown, Louisiana Property Taxes
The median property tax rate in Sugartown, 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 Sugartown at $48,400, the typical annual property tax bill reaches $947, exceeding the national median of $2,690. Property taxes in Sugartown 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 Sugartown'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 Sugartown 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
Sugartown, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Sugartown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugartown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugartown 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 Sugartown, Louisiana
Property taxes in Sugartown, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugartown is 1.96%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Sugartown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugartown 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 Sugartown's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70662 has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these areas compare with Sugartown provides valuable insights into the varying tax landscape across Allen, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sugartown 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 Sugartown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70662 | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Sugartown, Louisiana
In Sugartown, 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 County 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 Sugartown, 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, the median home price in Sugartown is $48,400, with tax bills varying significantly across different percentiles. The tax bill at the 25th percentile is $800, while at the 75th percentile, it rises to $1,095. The highest median tax bill in the area is $947 in zip code 70662, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sugartown Assessed Value
$48,400
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 Sugartown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70662 | $36,320 | $40,850 | $48,400 | $55,950 | $60,480 |
Source: Ownwell
Property Tax Bills Across Sugartown, Louisiana
In Sugartown, Allen County, LA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Factors such as property improvements, neighborhood changes, and overall market conditions can influence the assessed value. For homeowners in Sugartown, the median home price is $48,400. The tax bills vary significantly, with the 25th percentile at $800 and the 75th percentile at $1,095. At the 90th percentile, tax bills can reach up to $1,183. The highest and lowest median tax bills are both $947, found in the 70662 zip code. Compared to the national median property tax rate of 0.99%, Sugartown's property tax bills can have a notable impact on homeowners, emphasizing the importance of understanding local tax assessments and potential appeals.
Average Sugartown Tax Bill
$947
Average Allen County Tax Bill
$653
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugartown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70662 | $711 | $800 | $947 | $1,095 | $1,183 |
Source: Ownwell