Ragley, Louisiana Property Taxes
The median property tax rate in Ragley, LA is 1.06%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $33,800 in Ragley, the typical annual property tax bill amounts to $418, which is significantly lower than the national median of $2,690. Property taxes in Ragley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ragley'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 Ragley or another part of Calcasieu County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ragley, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$358
Ownwell’s Ragley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ragley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ragley 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 Ragley, Louisiana
Property taxes in Ragley, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ragley is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Ragley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ragley 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 Ragley's effective property tax rate to other regions in Louisiana and the national median. For comparison, the 70657 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Ragley provides valuable insights into the varying tax landscape across Calcasieu Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ragley Tax Rate
1.06%
Average Calcasieu County Tax Rate
0.79%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | 0.21% | 1.06% | 1.06% | 1.09% | 6.25% |
Source: Ownwell
Property Tax Assessment Values Across Ragley, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ragley, 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 Calcasieu 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. Assessment notices in Ragley 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. For instance, the median home price in Ragley is $33,800, with tax bills ranging from $145 at the 25th percentile to $2,378 at the 90th percentile. Notably, the highest median tax bill is $418 in the 70657 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ragley Assessed Value
$33,800
Average Calcasieu County Assessed Value
$83,800
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | $12,140 | $22,800 | $33,800 | $47,100 | $79,140 |
Source: Ownwell
Property Tax Bills Across Ragley, Louisiana
Property tax bills in Ragley, located in Calcasieu Parish, Louisiana, are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. The median home price in Ragley is $33,800, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within Calcasieu Parish and any applicable exemptions or deductions for which the homeowner may qualify. The median property tax bill in Ragley is $418, which aligns with the highest and lowest median tax bills in the area. For homeowners at the 25th percentile, the tax bill is around $145, while those at the 75th percentile face a tax bill of approximately $588. The most substantial tax bills, at the 90th percentile, can reach up to $2,378. Compared to the national median property tax rate of 0.99%, Ragley's property tax rates offer a relatively affordable option for homeowners.
Average Ragley Tax Bill
$418
Average Calcasieu County Tax Bill
$588
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | $64 | $145 | $418 | $588 | $2,378 |
Source: Ownwell