Merryville, Louisiana Property Taxes
The median property tax rate in Merryville, LA is 1.15%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Merryville, the typical annual property tax bill reaches $451, which is significantly lower than the national median of $2,690. Property taxes in Merryville 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 Merryville'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 Merryville or another part of Beauregard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Merryville, 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 Merryville Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Merryville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Merryville to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Beauregard County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Merryville, Louisiana
Property taxes in Merryville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merryville is 0.48%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Merryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merryville 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 Merryville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70653 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Merryville provides valuable insights into the varying tax landscape across Beauregard, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Merryville Tax Rate
1.15%
Average Beauregard County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merryville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70653 | 1.04% | 1.12% | 1.15% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Merryville, Louisiana
In Merryville, 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 Beauregard 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 Merryville, 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 Merryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 70653 has the highest median tax bill of $451, which is significantly lower than the national median property tax rate of 0.99%.
Average Merryville Assessed Value
$38,300
Average Beauregard County Assessed Value
$63,850
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Merryville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70653 | $11,200 | $19,200 | $38,300 | $74,020 | $117,214 |
Source: Ownwell
Property Tax Bills Across Merryville, Louisiana
In Merryville, Beauregard County, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in this area is $38,300. Property tax rates and bills can vary significantly within the region. For example, the tax bill at the 25th percentile is $232, while at the 75th percentile, it rises to $895. Homeowners at the 90th percentile can expect to pay around $1,350. The highest median tax bill recorded in the area is $451, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors can help them anticipate their annual expenses and plan their finances accordingly. Managing and appealing property tax assessments can lead to significant savings.
Average Merryville Tax Bill
$451
Average Beauregard County Tax Bill
$779
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Merryville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70653 | $129 | $232 | $451 | $895 | $1,350 |
Source: Ownwell