Pine Prairie, Louisiana Property Taxes
The median property tax rate in Pine Prairie, LA is 1.15%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Pine Prairie at $55,000, the typical annual property tax bill is $631, which is significantly lower than the national median of $2,690. Property taxes in Pine Prairie are calculated based on the tax assessed value, often reduced by various exemptions like the primary residence and agricultural exemptions. Understanding Pine Prairie'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 Pine Prairie or another part of Evangeline Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Prairie, 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 Pine Prairie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Prairie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Prairie 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 Pine Prairie, Louisiana
Property taxes in Pine Prairie, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Prairie is 1.15%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pine Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Prairie 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 Pine Prairie's effective property tax rate to other areas and the national median. For comparison, the 70576 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these areas compare with Pine Prairie provides valuable insights into the varying tax landscape across Evangeline Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Prairie Tax Rate
1.15%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Prairie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70576 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Pine Prairie, Louisiana
In Pine Prairie, 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 Evangeline 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 Pine Prairie, 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. Being aware of these valuation processes in Pine Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pine Prairie is $631.00 in the zip code 70576, while the lowest is also $631.00 in the same zip code.
Average Pine Prairie Assessed Value
$55,000
Average Evangeline County Assessed Value
$60,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Prairie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70576 | $24,000 | $30,000 | $55,000 | $100,000 | $132,840 |
Source: Ownwell
Property Tax Bills Across Pine Prairie, Louisiana
In Pine Prairie, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the local tax assessor. For homeowners in Pine Prairie, the median home price is $55,000. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and any applicable exemptions can influence the assessed value and, consequently, the tax bill. For example, the 25th percentile tax bill is $344, while the 75th percentile tax bill is $1,148, highlighting the variance based on property specifics and exemptions. The highest median tax bill in the area is $631, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Pine Prairie Tax Bill
$631
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Prairie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70576 | $275 | $344 | $631 | $1,148 | $1,525 |
Source: Ownwell