Avery Island, Louisiana Property Taxes
The median property tax rate in Avery Island, LA is 0.82%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Avery Island at $275,385, the typical annual property tax bill amounts to $2,267, falling short of the national median of $2,690. Property taxes in Avery Island are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a comprehensive understanding of Avery Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Avery Island or another part of the city, mastering the local property tax system will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Avery Island, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,258
Ownwell’s Avery Island Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Avery Island with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Avery Island to provide an accurate property tax bill estimate. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, you can scroll down to find more detailed localized information. Your property’s assessed value is the value assigned by Iberia County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Avery Island, Louisiana
Property taxes in Avery Island, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avery Island is 0.82%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Avery Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avery Island 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 Avery Island's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70513 zip code has the highest median property tax rate of 0.82%, while the same zip code has the lowest median tax rate of 0.82%. Understanding how these areas compare with Avery Island provides valuable insights into the varying tax landscape across Iberia Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avery Island Tax Rate
0.82%
Average Iberia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avery Island, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70513 | 0.77% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Avery Island, Louisiana
In Avery Island, 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 Iberia 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 Avery Island, 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 Avery Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 70513, with a median tax bill of $2,267.
Average Avery Island Assessed Value
$275,385
Average Iberia County Assessed Value
$68,490
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avery Island, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70513 | $129,045 | $144,600 | $275,385 | $392,768 | $581,757 |
Source: Ownwell
Property Tax Bills Across Avery Island, Louisiana
Property tax bills in Avery Island, located in Iberia County, LA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio. In Avery Island, property tax rates are relatively low compared to the national median property tax rate of 0.99%. For instance, the median home price in the area is $275,385, resulting in varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $1,190, while those in the 75th percentile face tax bills of approximately $3,233. The highest tax bills, seen in the 90th percentile, can reach up to $4,756. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Avery Island Tax Bill
$2,267
Average Iberia County Tax Bill
$580
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Avery Island, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70513 | $1,003 | $1,190 | $2,267 | $3,233 | $4,756 |
Source: Ownwell