Breaux Bridge, Louisiana Property Taxes
The median property tax rate in Breaux Bridge, LA is 0.65%, notably lower than the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Breaux Bridge at $90,200, the typical annual property tax bill amounts to $471, which is significantly below the national median of $2,690. Property taxes in Breaux Bridge are determined based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Breaux Bridge's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can result in considerable annual savings. Whether you're in the heart of Breaux Bridge 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
Breaux Bridge, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$586
Ownwell’s Breaux Bridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Breaux Bridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Breaux Bridge 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 Breaux Bridge, Louisiana
Property taxes in Breaux Bridge, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Breaux Bridge is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Breaux Bridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Breaux Bridge 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 Breaux Bridge's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70517 has both the highest and lowest median property tax rate of 0.65%. Understanding how these figures compare with Breaux Bridge provides valuable insights into the varying tax landscape across Lafayette Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Breaux Bridge Tax Rate
0.65%
Average Lafayette County Tax Rate
0.73%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breaux Bridge, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70517 | 0.17% | 0.37% | 0.65% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Breaux Bridge, Louisiana
In Breaux Bridge, 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 Breaux Bridge, 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 Breaux Bridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Breaux Bridge is $90,200, with annual tax bills ranging from $208 at the 25th percentile to $1,424 at the 90th percentile. The zip code 70517 has both the highest and lowest median tax bill, at $471.
Property Tax Assessment Values Across Breaux Bridge, Louisiana
Source: Ownwell
$34,600
$134,395
$234,190
Average Breaux Bridge Assessed Value
$90,200
Average Lafayette County Assessed Value
$153,470
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breaux Bridge, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70517 | $24,400 | $57,470 | $90,200 | $159,930 | $224,920 |
Source: Ownwell
Property Tax Bills Across Breaux Bridge, Louisiana
In Breaux Bridge, located in Lafayette Parish, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For example, with a median home price of $90,200, homeowners can expect their property tax bills to vary. Factors influencing the tax bill include the home's assessed value, local tax rates, and applicable exemptions. In this area, tax bills range from $208 at the 25th percentile to $1,424 at the 90th percentile, with the median tax bill being $471. The tax rate in Breaux Bridge is relatively low compared to the national median property tax rate of 0.99%. This means that homeowners in Breaux Bridge may have a lighter tax burden compared to those in other parts of the country. However, even within the city, tax bills can vary significantly, affecting homeowners differently based on their property's assessed value and any qualifying exemptions. This variability underscores the importance of understanding local tax regulations and potential savings.
Average Breaux Bridge Tax Bill
$471
Average Lafayette County Tax Bill
$1,014
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Breaux Bridge, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70517 | $96 | $208 | $471 | $840 | $1,424 |
Source: Ownwell