Geismar, Louisiana Property Taxes
The median property tax rate in Geismar, LA is 0.75%, which is considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Geismar at $246,950, the typical annual property tax bill reaches $1,923, falling below the national median of $2,690. Property taxes in Geismar 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 Geismar'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 Geismar or another part of Ascension County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geismar, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,852
Ownwell’s Geismar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Geismar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Geismar 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 Geismar, Louisiana
Property taxes in Geismar, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Geismar is 0.75%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Geismar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geismar 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 Geismar's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70734 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Geismar provides valuable insights into the varying tax landscape across Ascension Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Geismar Tax Rate
0.75%
Average Ascension County Tax Rate
0.71%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geismar, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70734 | 0.52% | 0.67% | 0.75% | 0.87% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Geismar, Louisiana
In Geismar, 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 Ascension 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 Geismar, 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 Geismar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70734 has the highest and lowest median tax bill at $1923, highlighting a significant aspect of property taxes in the area.
Average Geismar Assessed Value
$246,950
Average Ascension County Assessed Value
$177,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geismar, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70734 | $124,950 | $186,450 | $246,950 | $309,975 | $379,000 |
Source: Ownwell
Property Tax Bills Across Geismar, Louisiana
In Geismar, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The assessor’s office in Ascension County evaluates properties to establish their market value, and then a percentage of that value is used to calculate the assessed value. For example, a median home price in Geismar is $246,950. Property taxes are then applied to this assessed value at a rate set by local taxing authorities. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Geismar can expect tax bills to vary significantly. The 25th percentile tax bill is around $1,306, while the 75th percentile tax bill reaches up to $2,639. At the 90th percentile, tax bills can be as high as $3,468. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Geismar's property tax rates can lead to substantial annual expenses, affecting homeowners' financial planning and overall cost of living.
Average Geismar Tax Bill
$1,923
Average Ascension County Tax Bill
$1,259
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Geismar, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70734 | $661 | $1,306 | $1,923 | $2,639 | $3,468 |
Source: Ownwell