Carencro, Louisiana Property Taxes
The median property tax rate in Carencro, LA is 0.56%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $126,890 in Carencro, the typical annual property tax bill is $642, well below the national median of $2,690. Property taxes in Carencro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carencro'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 Carencro 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
Carencro, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$711
Ownwell’s Carencro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carencro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carencro 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 Carencro, Louisiana
Property taxes in Carencro, Louisiana, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Carencro is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Carencro set these rates annually, and they can vary across different neighborhoods. Each year, Carencro 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 Carencro's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70520 has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Carencro 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 Carencro Tax Rate
0.56%
Average Lafayette County Tax Rate
0.73%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carencro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70520 | 0.14% | 0.39% | 0.56% | 0.88% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Carencro, Louisiana
In Carencro, 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 Lafayette 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 Carencro, 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 Carencro is $126,890, with the 25th percentile tax bill at $310 and the 75th percentile tax bill at $1,072. The highest and lowest median tax bills are both $642, found in zip code 70520. 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 Carencro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carencro Assessed Value
$126,890
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 Carencro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70520 | $37,980 | $73,290 | $126,890 | $176,830 | $247,038 |
Source: Ownwell
Property Tax Bills Across Carencro, Louisiana
In Carencro, located in Lafayette Parish, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Carencro is $126,890. To determine the tax bill, local tax rates are applied to this assessed value. Various factors influence the final tax bill, including property location, improvements, and applicable exemptions. Homeowners in Carencro can expect their property tax bills to vary significantly. For example, tax bills in the 25th percentile are around $310, while those in the 75th percentile reach about $1072. The 90th percentile tax bills can be as high as $1684. The highest median tax bill in the area is $642, which is lower than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community.
Average Carencro Tax Bill
$642
Average Lafayette County Tax Bill
$1,014
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Carencro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70520 | $87 | $310 | $642 | $1,072 | $1,684 |
Source: Ownwell