Ethel, Louisiana Property Taxes
The median property tax rate in Ethel, LA is 0.54%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ethel, the typical annual property tax bill is $430, well below the national median of $2,690. Property taxes in Ethel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ethel'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 Ethel 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
Ethel, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$434
Ownwell’s Ethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ethel 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 Ethel, Louisiana
Property taxes in Ethel, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ethel is 0.54%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Ethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ethel 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 Ethel's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70730 has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Ethel provides valuable insights into the varying tax landscape across East Feliciana, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ethel Tax Rate
0.54%
Average East Feliciana County Tax Rate
0.54%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ethel, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70730 | 0.50% | 0.51% | 0.54% | 0.57% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Ethel, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ethel, 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 East Feliciana 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 Ethel, 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 Ethel is $80,400, with the 25th percentile tax bill at $275 and the 75th percentile tax bill at $704. The highest median tax bill is found in the 70730 zip code, amounting to $430. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ethel Assessed Value
$80,400
Average East Feliciana County Assessed Value
$76,100
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ethel, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70730 | $30,100 | $48,800 | $80,400 | $136,950 | $210,000 |
Source: Ownwell
Property Tax Bills Across Ethel, Louisiana
In Ethel, located in East Feliciana County, LA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $80,400, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $275, while the 75th percentile tax bill reaches $704. For those in the 90th percentile, the tax bill can be as high as $1,044. These tax bills are influenced by factors such as property location, home improvements, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ethel’s property tax rates can be considered relatively moderate. This variability in tax bills affects homeowners by impacting their annual budgeting and long-term financial planning. Understanding these factors helps homeowners anticipate their tax obligations more accurately.
Average Ethel Tax Bill
$430
Average East Feliciana County Tax Bill
$407
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ethel, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70730 | $184 | $275 | $430 | $704 | $1,044 |
Source: Ownwell