Lacassine, Louisiana Property Taxes
The median property tax rate in Lacassine, LA is 0.94%, slightly below the national median of 0.99% but higher than the Louisiana state median of 0.91%. With a median home value of $135,000 in Lacassine, the typical annual property tax bill amounts to $1,271, which is lower than the national median of $2,690. Property taxes in Lacassine are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lacassine'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 Lacassine or another part of Jefferson Davis Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lacassine, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,269
Ownwell’s LACASSINE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LACASSINE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LACASSINE 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 Lacassine, Louisiana
Property taxes in Lacassine, Louisiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lacassine is 0.94%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Lacassine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lacassine 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 Lacassine's effective property tax rate to other areas in Jefferson Davis Parish and the national median. For comparison, the zip code 70650 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Lacassine provides valuable insights into the varying tax landscape across Jefferson Davis Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lacassine Tax Rate
0.94%
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 Lacassine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70650 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Lacassine, Louisiana
In Lacassine, 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 Lacassine, 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 highest median tax bill in Lacassine is $1271 in the 70650 zip code, while the lowest median tax bill is also $1271 in the same zip code. Being aware of these valuation processes in Lacassine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lacassine Assessed Value
$135,000
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 Lacassine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70650 | $46,000 | $108,000 | $135,000 | $173,000 | $197,800 |
Source: Ownwell
Property Tax Bills Across Lacassine, Louisiana
In Lacassine, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson Davis County assessor's office. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price is $135,000, the assessed value might be a fraction of that amount, depending on local regulations. Once the assessed value is established, the property tax rate is applied to this value to determine the tax bill. In Lacassine, the tax bill can vary significantly among homeowners. For example, the 25th percentile tax bill is around $1,017, while the 75th percentile tax bill reaches $1,628. The highest median tax bill in the area is recorded at $1,271 in the 70650 zip code. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, Lacassine's rates provide a perspective on how local tax policies influence financial planning for residents.
Average Lacassine Tax Bill
$1,271
Average Jefferson Davis County Tax Bill
$712
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Lacassine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70650 | $464 | $1,017 | $1,271 | $1,628 | $1,862 |
Source: Ownwell