Youngsville, Louisiana Property Taxes
The median property tax rate in Youngsville, 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 Youngsville at $47,250, the typical annual property tax bill is $389, significantly below the national median of $2,690. Property taxes in Youngsville 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 Youngsville'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 Youngsville 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
Youngsville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$387
Ownwell’s Youngsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngsville 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 Youngsville, Louisiana
Property taxes in Youngsville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngsville is 0.82%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Youngsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngsville 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. Understanding how Youngsville's effective property tax rate compares to other areas in Iberia Parish and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Youngsville 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 Youngsville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70592 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Youngsville, Louisiana
In Youngsville, 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 Youngsville, 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 Youngsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70592 has both the highest and lowest median tax bill at $389, providing a reference point for residents.
Average Youngsville Assessed Value
$47,250
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 Youngsville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70592 | $12,708 | $25,540 | $47,250 | $120,230 | $182,468 |
Source: Ownwell
Property Tax Bills Across Youngsville, Louisiana
In Youngsville, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $47,250, the tax bill can vary significantly. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. In Youngsville, the 25th percentile tax bill is around $210, while the 75th percentile reaches $990, and the 90th percentile can be as high as $1,464. These figures highlight the range of property tax liabilities homeowners can face. Compared to the national median property tax rate of 0.99%, Youngsville's property taxes can be relatively moderate, offering some relief to homeowners. However, the highest and lowest median tax bills in the area both stand at $389, indicating a level of consistency within specific zip codes. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Youngsville Tax Bill
$389
Average Iberia County Tax Bill
$580
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngsville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70592 | $105 | $210 | $389 | $990 | $1,464 |
Source: Ownwell