Hessmer, Louisiana Property Taxes
The median property tax rate in Hessmer, LA is 0.64%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $64,700 in Hessmer, the typical annual property tax bill amounts to $485, significantly less than the national median of $2,690. Property taxes in Hessmer 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 Hessmer'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 Hessmer or another part of Avoyelles Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hessmer, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$414
Ownwell’s Hessmer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hessmer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hessmer 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 Hessmer, Louisiana
Property taxes in Hessmer, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hessmer is 0.64%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Hessmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hessmer 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 Hessmer's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71341 zip code has the highest median property tax rate of 0.64%, while the same 71341 zip code also has the lowest median tax rate of 0.64%. Understanding how these rates compare with Hessmer provides valuable insights into the varying tax landscape across Avoyelles Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hessmer Tax Rate
0.64%
Average Avoyelles County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hessmer, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71341 | 0.64% | 0.64% | 0.64% | 0.69% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Hessmer, Louisiana
In Hessmer, 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 Avoyelles Parish Assessor's Office 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 Hessmer, 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 Hessmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hessmer is $64,700, with tax bills ranging from $266 at the 25th percentile to $1,010 at the 90th percentile. The highest and lowest median tax bills, both at $485, are found in the 71341 zip code.
Average Hessmer Assessed Value
$64,700
Average Avoyelles County Assessed Value
$50,400
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hessmer, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71341 | $18,073 | $36,933 | $64,700 | $100,900 | $150,960 |
Source: Ownwell
Property Tax Bills Across Hessmer, Louisiana
In Hessmer, located in Avoyelles Parish, property tax bills are calculated based on the assessed value of a property, which typically equates to a percentage of the market value. The median home price in Hessmer is $64,700. The property tax rate in Avoyelles Parish is applied to this assessed value to determine the annual tax bill. For homeowners in Hessmer, the 25th percentile tax bill is $266, while the 75th percentile goes up to $707, and the 90th percentile reaches $1,010. These figures show that property tax bills can vary significantly depending on the value and characteristics of the property. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. It's important to note that the highest and lowest median tax bill in the area is $485, highlighting a range that can impact homeowners differently. Compared to the national median property tax rate of 0.99%, Hessmer's property taxes are relatively moderate, providing some relief to local homeowners.
Average Hessmer Tax Bill
$485
Average Avoyelles County Tax Bill
$436
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Hessmer, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71341 | $128 | $266 | $485 | $707 | $1,010 |
Source: Ownwell