Gueydan, Louisiana Property Taxes
The median property tax rate in Gueydan, LA is 1.03%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Gueydan, the typical annual property tax bill amounts to $199, which is significantly lower than the national median of $2,690. Property taxes in Gueydan are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Gueydan'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 Gueydan or another part of Cameron County, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Gueydan, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$264
Ownwell's Gueydan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gueydan using just two simple data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Gueydan to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Cameron County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Gueydan, Louisiana
Property taxes in Gueydan, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gueydan is 0.42%, which is significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Gueydan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gueydan 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 Gueydan's effective property tax rate to other counties in Louisiana and the national median. For comparison, the highest median property tax rate in the region is also 0.42%, while the lowest median tax rate is likewise 0.42%. Understanding how these cities compare with Gueydan provides valuable insights into the varying tax landscape across Vermilion Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gueydan Tax Rate
1.03%
Average Cameron County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gueydan, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70542 | 1.03% | 1.03% | 1.03% | 1.07% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Gueydan, Louisiana
In Gueydan, 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 Cameron 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 Gueydan, 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. For instance, the median home price in Gueydan is $25,620, with tax bills ranging from $47 at the 25th percentile to $1,241 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gueydan Assessed Value
$25,620
Average Cameron County Assessed Value
$47,775
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gueydan, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70542 | $3,050 | $7,255 | $25,620 | $60,930 | $107,335 |
Source: Ownwell
Property Tax Bills Across Gueydan, Louisiana
In Gueydan, located in Cameron County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Gueydan is $25,620. The property tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including property characteristics and local tax rates. For homeowners in Gueydan, tax bills can vary significantly. The 25th percentile tax bill is $47, while the 75th percentile tax bill reaches $631. At the higher end, the 90th percentile tax bill is $1,241. Interestingly, the highest and lowest median tax bills in the area are both $199, found in the zip code 70542. Compared to the national median property tax rate of 0.99%, Gueydan's property taxes can be relatively modest, providing some relief to homeowners. However, understanding these variations is crucial for budgeting and financial planning.
Average Gueydan Tax Bill
$199
Average Cameron County Tax Bill
$465
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Gueydan, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70542 | $19 | $47 | $199 | $631 | $1,241 |
Source: Ownwell