Maurice, Louisiana Property Taxes
The median property tax rate in Maurice, LA is 0.66%, which is significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Maurice at $86,940, the typical annual property tax bill is $391, far below the national median of $2,690. Property taxes in Maurice are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Maurice'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 Maurice 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
Maurice, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Maurice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maurice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maurice 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 Maurice, Louisiana
Property taxes in Maurice, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maurice is 0.66%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Maurice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maurice 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 Maurice's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70555 has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Maurice 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 Maurice Tax Rate
0.66%
Average Lafayette County Tax Rate
0.73%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maurice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70555 | 0.18% | 0.47% | 0.66% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Maurice, Louisiana
In Maurice, 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 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 Maurice, 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 Maurice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Maurice, the median home price is $86,940. The zip code with the highest median tax bill is 70555, amounting to $391.00, while the lowest median tax bill is also found in zip code 70555, at $391.00.
Average Maurice Assessed Value
$86,940
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 Maurice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70555 | $7,680 | $28,765 | $86,940 | $159,305 | $234,520 |
Source: Ownwell
Property Tax Bills Across Maurice, Louisiana
In Maurice, located in Lafayette County, LA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Maurice see a range of property tax bills, reflecting the varying property values within the area. For instance, the median home price stands at $86,940. The tax bills range from the 25th percentile at $106 to the 75th percentile at $829, with the 90th percentile reaching up to $1,443. Compared to the national median property tax rate of 0.99%, Maurice offers relatively lower property tax bills, providing some financial relief to homeowners. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area both stand at $391, indicating a level of consistency in property tax assessments. This system ensures that homeowners contribute fairly to community services and infrastructure, based on their property’s assessed value.
Average Maurice Tax Bill
$391
Average Lafayette County Tax Bill
$1,014
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Maurice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70555 | $53 | $106 | $391 | $829 | $1,443 |
Source: Ownwell