Plattenville, Louisiana Property Taxes
The median property tax rate in Plattenville, LA is 1.01%, slightly higher than the national median of 0.99% and above the Louisiana state median of 0.91%. With the median home value in Plattenville at $129,300, the typical annual property tax bill amounts to $1,312, surpassing the national median of $2,690. Property taxes in Plattenville 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 Plattenville'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 Plattenville 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
Plattenville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,306
Ownwell’s Plattenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plattenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plattenville 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 Plattenville, Louisiana
Property taxes in Plattenville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plattenville is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Plattenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plattenville 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 Plattenville's effective property tax rate to other areas in the national context. For comparison, the zip code 70393 in Assumption Parish has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Plattenville provides valuable insights into the varying tax landscape across Assumption Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plattenville Tax Rate
1.01%
Average Assumption County Tax Rate
1.08%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plattenville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70393 | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Plattenville, Louisiana
In Plattenville, 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 Assumption 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 Plattenville, 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 Plattenville 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 $1,312 in the 70393 zip code, while the lowest is also $1,312, highlighting the uniformity in tax assessments across the region.
Average Plattenville Assessed Value
$129,300
Average Assumption County Assessed Value
$88,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plattenville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70393 | $50,060 | $94,350 | $129,300 | $178,500 | $219,240 |
Source: Ownwell
Property Tax Bills Across Plattenville, Louisiana
In Plattenville, located in Assumption County, LA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is typically a percentage of the property's market value. Homeowners in Plattenville can expect their tax bills to vary significantly depending on the assessed value of their homes. For instance, the median home price is $129,300, and tax bills can range from the 25th percentile at $957 to the 90th percentile at $2,223. The property tax rate in Plattenville plays a crucial role in determining the final tax bill. With the highest and lowest median tax bills both at $1,312 in the zip code 70393, homeowners can see how their tax obligations fit within this range. These taxes are essential for funding local services such as schools, public safety, and infrastructure. Consequently, understanding how property taxes are calculated and their impact on homeownership is vital for residents in managing their financial responsibilities effectively.
Average Plattenville Tax Bill
$1,312
Average Assumption County Tax Bill
$951
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Plattenville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70393 | $508 | $957 | $1,312 | $1,810 | $2,223 |
Source: Ownwell