Harvey, Louisiana Property Taxes
The median property tax rate in Harvey, LA is 0.70%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $109,700 in Harvey, the typical annual property tax bill amounts to $866, well below the national median of $2,690. Property taxes in Harvey are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Harvey'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 Harvey 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
Harvey, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$768
Ownwell’s Harvey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harvey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harvey 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 Harvey, Louisiana
Property taxes in Harvey, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harvey is 0.70%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Harvey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harvey 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 Harvey's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70058 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Harvey provides valuable insights into the varying tax landscape across Jefferson Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harvey Tax Rate
0.70%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harvey, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70058 | 0.33% | 0.39% | 0.70% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Harvey, Louisiana
In Harvey, 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 Jefferson 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 Harvey, 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 Harvey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Harvey are both $866.00, found in the 70058 zip code.
Average Harvey Assessed Value
$109,700
Average Jefferson County Assessed Value
$136,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harvey, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70058 | $64,170 | $91,600 | $109,700 | $155,000 | $227,630 |
Source: Ownwell
Property Tax Bills Across Harvey, Louisiana
In Harvey, Jefferson County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the estimated selling price of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, in Harvey, with a median home price of $109,700, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $396, while at the 75th percentile, it can reach up to $1,515. For those in the 90th percentile, the tax bill can go as high as $2,699. Compared to the national median property tax rate of 0.99%, Harvey's rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Harvey Tax Bill
$866
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Harvey, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70058 | $333 | $396 | $866 | $1,515 | $2,699 |
Source: Ownwell