Saint Martinville, Louisiana Property Taxes
The median property tax rate in Saint Martinville, LA is 0.81%, lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Saint Martinville at $76,210, the typical annual property tax bill is $620, significantly below the national median of $2,690. Property taxes in Saint Martinville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Saint Martinville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Martinville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Martinville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$617
Ownwell’s Saint Martinville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Saint Martinville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Martinville to predict 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 Saint Martinville, Louisiana
Property taxes in Saint Martinville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Martinville is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Martinville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Martinville 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 Saint Martinville's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70582 has both the highest and lowest median property tax rate of 0.81%. Understanding how these areas compare with Saint Martinville 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 Saint Martinville Tax Rate
0.81%
Average Iberia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Martinville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70582 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Saint Martinville, Louisiana
In Saint Martinville, 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 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 Saint Martinville, 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 Saint Martinville is $76,210, with the 25th percentile tax bill at $390 and the 75th percentile at $1,045. The highest and lowest median tax bills are both $620 in the 70582 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Martinville, Louisiana
Source: Ownwell
$6,985
$141,185
$275,385
Average Saint Martinville Assessed Value
$76,210
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 Saint Martinville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70582 | $24,560 | $47,905 | $76,210 | $128,445 | $199,035 |
Source: Ownwell
Property Tax Bills Across Saint Martinville, Louisiana
In Saint Martinville, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing this calculation include the property's location, size, and any improvements made. For homeowners in Saint Martinville, the median home price stands at $76,210. Property tax bills can vary significantly, with the 25th percentile at $390 and the 75th percentile reaching $1,045. At the higher end, the 90th percentile tax bill is $1,620. These figures illustrate the range of potential tax obligations homeowners may face, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Saint Martinville offers a relatively moderate tax environment. This can be beneficial for homeowners, making it an attractive location for those looking to manage their annual property tax expenses effectively.
Average Saint Martinville Tax Bill
$620
Average Iberia County Tax Bill
$580
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Martinville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70582 | $200 | $390 | $620 | $1,045 | $1,620 |
Source: Ownwell