Transylvania, Louisiana Property Taxes
The median property tax rate in Transylvania, 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 Transylvania, the typical annual property tax bill reaches $344, which is significantly lower than the national median of $2,690. Property taxes in Transylvania 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 Transylvania'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 Transylvania 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
Transylvania, 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 Transylvania Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Transylvania with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Transylvania 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 Transylvania, Louisiana
Property taxes in Transylvania, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Transylvania is 1.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within Transylvania set these rates annually, and they can vary significantly across different neighborhoods. Each year, Transylvania 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 Transylvania's effective property tax rate to other regions in Louisiana and the national median. For comparison, the zip code 71286 has both the highest and lowest median property tax rate of 1.18%. Understanding how these areas compare with Transylvania provides valuable insights into the varying tax landscape across East Carroll Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Transylvania 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 Transylvania, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71286 | 0.26% | 1.18% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Transylvania, Louisiana
In Transylvania, 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 East Carroll County Appraisal District 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 Transylvania, 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. The median home price in Transylvania is $37,999, and the tax bills range from $165 at the 25th percentile to $1,072 at the 90th percentile. The highest and lowest median tax bills, both at $344, are found in the 71286 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 Transylvania Assessed Value
$37,999
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 Transylvania, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71286 | $12,473 | $22,880 | $37,999 | $68,808 | $98,584 |
Source: Ownwell
Property Tax Bills Across Transylvania, Louisiana
In Transylvania, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value typically reflects a percentage of the property's market value. For instance, with a median home price of $37,999, the assessed value forms the foundation for the tax bill. The local tax rate is then applied to this assessed value to determine the final amount owed. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. In Transylvania, property tax bills can vary significantly. For example, the 25th percentile tax bill is $165, while the 75th percentile tax bill is $607, and the 90th percentile tax bill reaches $1,072. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure. For homeowners, understanding how these taxes are calculated helps in financial planning and ensures they are prepared for their annual obligations.
Average Transylvania Tax Bill
$344
Average East Carroll County Tax Bill
$224
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Transylvania, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71286 | $104 | $165 | $344 | $607 | $1,072 |
Source: Ownwell