Epps, Louisiana Property Taxes
The median property tax rate in EPPS, LA is 1.18%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in EPPS, the typical annual property tax bill reaches $473, which is significantly lower than the national median of $2,690. Property taxes in EPPS are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding EPPS'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 EPPS 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
Epps, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$636
Ownwell’s EPPS Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in EPPS with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in EPPS to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more detailed localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Epps, Louisiana
Property taxes in EPPS, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EPPS is 1.18%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within EPPS set these rates annually, and they can vary significantly across different neighborhoods. Each year, EPPS 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 EPPS's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71237 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with EPPS provides valuable insights into the varying tax landscape across East Carroll, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Epps Tax Rate
1.18%
Average East Carroll County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | 0.45% | 0.53% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Epps, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in EPPS, East Carroll, 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 local authorities 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 EPPS, 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. The median home price in EPPS is $53,857, with tax bills ranging from $252 at the 25th percentile to $1,029 at the 90th percentile. The highest and lowest median tax bills are both $473 in the zip code 71237. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Epps Assessed Value
$53,857
Average East Carroll County Assessed Value
$30,550
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $11,815 | $28,642 | $53,857 | $86,889 | $122,629 |
Source: Ownwell
Property Tax Bills Across Epps, Louisiana
In EPPS, located in East Carroll County, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $53,857, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $252, while the 75th percentile reaches $567, and the 90th percentile can go up to $1,029. These figures are influenced by various factors, including local tax rates and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in EPPS may seem more manageable, but they still represent a significant expense for homeowners. The highest and lowest median tax bills in the county both stand at $473 in the zip code 71237. Understanding these dynamics helps homeowners better anticipate their financial obligations and plan accordingly, ensuring they can manage their expenses effectively.
Average Epps Tax Bill
$473
Average East Carroll County Tax Bill
$224
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $121 | $252 | $473 | $567 | $1,029 |
Source: Ownwell