Eros, Louisiana Property Taxes
The median property tax rate in Eros, LA is 0.94%, slightly lower than the national median of 0.99% but higher than the Louisiana state median of 0.91%. With the median home value in Eros at $46,350, the typical annual property tax bill amounts to $320, which is significantly below the national median of $2,690. Property taxes in Eros are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Eros'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 Eros or another part of Jackson County, grasping the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eros, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$436
Ownwell’s Eros Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eros with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eros 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 Eros, Louisiana
Property taxes in Eros, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eros is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Eros set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eros 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 Eros's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71238 zip code has both the highest and lowest median property tax rate of 0.94%, indicating a uniform rate across the region. Understanding how these cities compare with Eros provides valuable insights into the varying tax landscape across Jackson Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eros Tax Rate
0.94%
Average Jackson County Tax Rate
0.74%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eros, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71238 | 0.13% | 0.34% | 0.94% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Eros, Louisiana
In Eros, 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 Jackson 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 Eros, 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. In Eros, the median home price is $46,350, with tax bills ranging from $144 at the 25th percentile to $1,073 at the 90th percentile. The zip code 71238 has both the highest and lowest median tax bill, at $320. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eros Assessed Value
$46,350
Average Jackson County Assessed Value
$44,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eros, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71238 | $12,220 | $24,625 | $46,350 | $77,975 | $126,050 |
Source: Ownwell
Property Tax Bills Across Eros, Louisiana
In Eros, located in Jackson County, LA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners in Eros, the median home price is $46,350. The property tax bill can vary significantly, with the 25th percentile at $144 and the 75th percentile at $616. At the 90th percentile, homeowners might see a tax bill as high as $1,073. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting community quality of life. Understanding how these taxes are calculated helps homeowners budget accordingly and potentially seek exemptions to reduce their tax burden.
Average Eros Tax Bill
$320
Average Jackson County Tax Bill
$274
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Eros, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71238 | $74 | $144 | $320 | $616 | $1,073 |
Source: Ownwell