Bourg, Louisiana Property Taxes
The median property tax rate in Bourg, LA is 0.66%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $67,800 in Bourg, the typical annual property tax bill amounts to $529, well below the national median of $2,690. Property taxes in Bourg are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bourg'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 Bourg or another part of Lafourche County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bourg, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$447
Ownwell’s Bourg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bourg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bourg 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 Bourg, Louisiana
Property taxes in Bourg, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bourg is 0.66%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Bourg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bourg 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 Bourg's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70343 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Bourg provides valuable insights into the varying tax landscape across Lafourche, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bourg Tax Rate
0.66%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bourg, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70343 | 0.14% | 0.36% | 0.66% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Bourg, Louisiana
In Bourg, 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 Lafourche 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. Assessment notices in Bourg 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. For instance, the median home price in Bourg is $67,800, with tax bills ranging from $260 at the 25th percentile to $1,322 at the 90th percentile. The zip code 70343 has both the highest and lowest median tax bill at $529. 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 Bourg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bourg Assessed Value
$67,800
Average Lafourche County Assessed Value
$90,200
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bourg, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70343 | $17,480 | $40,400 | $67,800 | $95,800 | $137,400 |
Source: Ownwell
Property Tax Bills Across Bourg, Louisiana
Property tax bills in Bourg, located in Lafourche County, LA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which in Bourg has a median home price of $67,800. Tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions. For instance, in Bourg, tax bills can range significantly. The 25th percentile tax bill is $260, while the 75th percentile reaches $871, and the 90th percentile can go as high as $1,322. Comparatively, Bourg's median tax bill is $529, which is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can be a financial relief for homeowners, making it an attractive aspect of living in this region. Understanding these factors can help homeowners better anticipate their annual property tax responsibilities.
Average Bourg Tax Bill
$529
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bourg, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70343 | $101 | $260 | $529 | $871 | $1,322 |
Source: Ownwell