Melville, Louisiana Property Taxes
The median property tax rate in Melville, LA is 0.99%, aligning with the national median but slightly higher than the Louisiana state median of 0.91%. With a median home value of $51,100 in Melville, the typical annual property tax bill amounts to $511, which is significantly lower than the national median of $2,690. Property taxes in Melville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Melville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Melville 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
Melville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$506
Ownwell’s Melville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Melville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Melville 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 Melville, Louisiana
Property taxes in Melville, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Melville is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Melville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Melville 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 Melville's effective property tax rate to other areas in Avoyelles Parish and the national median. For comparison, the 71353 zip code has the highest median property tax rate of 0.99%, while the same zip code also has the lowest median tax rate of 0.99%. Understanding how these areas compare with Melville 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 Melville Tax Rate
0.99%
Average Avoyelles County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Melville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71353 | 0.98% | 0.98% | 0.99% | 1.00% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Melville, Louisiana
In Melville, 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 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 Melville, 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 Melville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Melville are both $511.00, found in the 71353 zip code.
Average Melville Assessed Value
$51,100
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 Melville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71353 | $15,270 | $33,675 | $51,100 | $83,650 | $129,280 |
Source: Ownwell
Property Tax Bills Across Melville, Louisiana
In Melville, Avoyelles County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Several factors influence the tax bill, including the home's market value, assessment ratio, and the local tax rate. For instance, with a median home price of $51,100, homeowners in Melville can expect varying tax bills. The 25th percentile tax bill is around $345, while the 75th percentile reaches $825, and the 90th percentile can go up to $1,279. These property taxes significantly impact homeowners by affecting their annual expenses. With the national median property tax rate at 0.99%, Melville's tax rates offer a comparative perspective for homeowners, providing both challenges and opportunities depending on individual property values and local tax policies.
Average Melville Tax Bill
$511
Average Avoyelles County Tax Bill
$436
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Melville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71353 | $156 | $345 | $511 | $825 | $1,279 |
Source: Ownwell