Jonesboro, Louisiana Property Taxes
The median property tax rate in Jonesboro, LA is 1.22%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Jonesboro, the typical annual property tax bill reaches $470, which is significantly lower than the national median of $2,690. Property taxes in Jonesboro 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 Jonesboro'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 Jonesboro 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
Jonesboro, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$465
Ownwell’s Jonesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesboro 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 Jonesboro, Louisiana
Property taxes in Jonesboro, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesboro is 1.22%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Jonesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesboro 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 Jonesboro's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71251 zip code has the highest median property tax rate of 1.22%, while the 71251 zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Jonesboro provides valuable insights into the varying tax landscape across Bienville Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesboro Tax Rate
1.22%
Average Bienville County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesboro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71251 | 1.21% | 1.22% | 1.22% | 1.22% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Jonesboro, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jonesboro, Louisiana. 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 Bienville 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 Jonesboro, 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 Jonesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price is $38,124, with tax bills ranging from $266 at the 25th percentile to $1,380 at the 90th percentile. The zip code 71251 has both the highest and lowest median tax bill at $470.
Average Jonesboro Assessed Value
$38,124
Average Bienville County Assessed Value
$40,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesboro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71251 | $4,682 | $21,271 | $38,124 | $60,709 | $113,880 |
Source: Ownwell
Property Tax Bills Across Jonesboro, Louisiana
In Jonesboro, located in Bienville Parish, LA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. For example, with a median home price of $38,124, the assessed value is calculated, and then the local tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property location, improvements, and any applicable exemptions. Homeowners in Jonesboro can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is $266, while the 75th percentile tax bill is $767, and the 90th percentile tax bill reaches $1,380. These variations highlight the range of tax burdens homeowners might face, which can impact their financial planning and property investment decisions. Compared to the national median property tax rate of 0.99%, Jonesboro's property taxes can be considered relatively moderate, providing some relief to homeowners in this region.
Average Jonesboro Tax Bill
$470
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesboro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71251 | $76 | $266 | $470 | $767 | $1,380 |
Source: Ownwell