Marrero, Louisiana Property Taxes
The median property tax rate in Marrero, LA is 0.70%, 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 Marrero, the typical annual property tax bill reaches $889, significantly below the national median of $2,690. Property taxes in Marrero 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 Marrero'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 Marrero 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
Marrero, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$734
Ownwell’s Marrero Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marrero with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marrero 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 Marrero, Louisiana
Property taxes in Marrero, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marrero is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Marrero set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marrero 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 Marrero's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70072 has the highest median property tax rate of 0.70%, while also having the lowest median tax rate of 0.70%. Understanding how these cities compare with Marrero 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 Marrero 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 Marrero, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70072 | 0.26% | 0.37% | 0.70% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Marrero, Louisiana
In Marrero, 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's Office 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 Marrero, 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 zip code 70072 has the highest median tax bill in the area, amounting to $889, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes in Marrero helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marrero Assessed Value
$104,800
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 Marrero, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70072 | $61,500 | $84,350 | $104,800 | $152,000 | $217,900 |
Source: Ownwell
Property Tax Bills Across Marrero, Louisiana
In Marrero, Jefferson Parish, LA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $104,800, the tax bill can vary significantly based on the assessed value and applicable tax rates. Homeowners in Marrero can expect property tax bills ranging from $385 at the 25th percentile to $2,323 at the 90th percentile, reflecting the variability in property values and tax assessments. The tax rate in Marrero is influenced by local government budgets and the need to fund public services such as schools, infrastructure, and emergency services. The highest and lowest median tax bill in Marrero is $889, indicating a relatively moderate tax burden compared to the national median property tax rate of 0.99%. This variability in tax bills can significantly impact homeowners, affecting their annual financial planning and long-term investment in property.
Average Marrero Tax Bill
$889
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Marrero, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70072 | $240 | $385 | $889 | $1,489 | $2,323 |
Source: Ownwell