Jefferson, Louisiana Property Taxes
The median property tax rate in Jefferson, LA is 1.28%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Jefferson at $162,200, the typical annual property tax bill reaches $2,078, which is below the national median of $2,690. Property taxes in Jefferson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jefferson'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 Jefferson 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
Jefferson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,076
Ownwell’s Jefferson Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential property owners looking to estimate their annual property taxes in Jefferson. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Jefferson to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, plays a crucial role in property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Jefferson, Louisiana
Property taxes in Jefferson, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Jefferson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson 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 Jefferson's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70121 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Jefferson 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 Jefferson Tax Rate
1.28%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70121 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson, Louisiana
In Jefferson, 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 local 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 Jefferson, 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 Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70121 has the highest median tax bill at $2,078.
Average Jefferson Assessed Value
$162,200
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 Jefferson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70121 | $63,800 | $86,900 | $162,200 | $180,150 | $194,740 |
Source: Ownwell
Property Tax Bills Across Jefferson, Louisiana
In Jefferson, LA, property tax bills are calculated based on the assessed value of a home, 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. For example, with a median home price of $162,200, homeowners can expect varying tax bills depending on their specific circumstances. The 25th percentile tax bill is around $1,113, while the 75th percentile tax bill reaches approximately $2,308. At the higher end, the 90th percentile tax bill is about $2,495. These figures indicate that property taxes can significantly impact homeowners' finances, depending on the assessed value of their property and the applicable tax rates. For instance, the highest median tax bill in the area is $2,078 in the 70121 zip code. Compared to the national median property tax rate of 0.99%, Jefferson's property tax rates may vary, influencing the overall affordability and cost of owning a home in this region.
Average Jefferson Tax Bill
$2,078
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70121 | $817 | $1,113 | $2,078 | $2,308 | $2,495 |
Source: Ownwell