Elton, Louisiana Property Taxes
The median property tax rate in Elton, LA is 1.10%, which is higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With a median home value of $50,234 in Elton, the typical annual property tax bill amounts to $604, surpassing the national median of $2,690. Property taxes in Elton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Elton'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 Elton or another part of Jefferson Davis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elton, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$553
Ownwell’s Elton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elton 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 Elton, Louisiana
Property taxes in Elton, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elton is 1.10%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Elton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elton 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 Elton's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70532 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Elton provides valuable insights into the varying tax landscape across Jefferson Davis, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elton Tax Rate
1.10%
Average Jefferson Davis County Tax Rate
1.00%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70532 | 1.10% | 1.10% | 1.10% | 1.27% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Elton, Louisiana
In Elton, 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 Davis 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 Elton, 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. The median home price in Elton is $50,234, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $308, while the 75th percentile tax bill is $1,017. The highest median tax bill in the area is $604 in zip code 70532. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Elton Assessed Value
$50,234
Average Jefferson Davis County Assessed Value
$71,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70532 | $15,790 | $27,000 | $50,234 | $83,577 | $124,050 |
Source: Ownwell
Property Tax Bills Across Elton, Louisiana
Property tax bills in Elton, located in Jefferson Davis Parish, Louisiana, are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $50,234, the assessed value is determined and then multiplied by the local tax rate to calculate the tax bill. In Elton, the tax bill varies significantly, with the 25th percentile at $308 and the 75th percentile reaching $1,017. The 90th percentile tax bill can go up to $1,615. These variations depend on factors such as property size, location, and any applicable exemptions. Homeowners in Elton experience property tax rates that are relatively modest compared to the national median property tax rate of 0.99%. This affects homeowners by providing a range of tax liabilities, potentially making homeownership more affordable for some while imposing higher costs on others based on property value and exemptions.
Average Elton Tax Bill
$604
Average Jefferson Davis County Tax Bill
$712
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Elton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70532 | $187 | $308 | $604 | $1,017 | $1,615 |
Source: Ownwell