Cut Off, Louisiana Property Taxes
The median property tax rate in Cut Off, LA is 0.68%, which is lower than both the national median of 0.99% and Louisiana's state median of 0.91%. With a median home value of $78,800 in Cut Off, the typical annual property tax bill is $587, significantly below the national median of $2,690. Property taxes in Cut Off are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Cut Off's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cut Off or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cut Off, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$536
Ownwell’s Cut Off Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cut Off with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cut Off to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Lafourche County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cut Off, Louisiana
Property taxes in CUT OFF, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CUT OFF is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within CUT OFF set these rates annually, and they can vary significantly across different neighborhoods. Each year, CUT OFF 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 CUT OFF's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70354 zip code has the highest median property tax rate of 1.34%, while the 70345 zip code has the lowest median tax rate of 0.68%. Understanding how these areas compare with CUT OFF 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 Cut Off Tax Rate
0.68%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cut Off, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70345 | 0.14% | 0.32% | 0.68% | 1.33% | 1.34% |
| 70354 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Cut Off, Louisiana
In CUT OFF, 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'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 CUT OFF, 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. For instance, the highest median tax bill in the area is $1,514 in the 70354 zip code, while the lowest is $587 in the 70345 zip code. 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 CUT OFF helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cut Off Assessed Value
$78,800
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 Cut Off, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70345 | $24,400 | $53,100 | $78,800 | $115,400 | $177,200 |
| 70354 | $113,400 | $113,400 | $113,400 | $113,400 | $113,400 |
Source: Ownwell
Property Tax Bills Across Cut Off, Louisiana
In Lafourche County, LA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. For example, if a home has a median market price of $78,800, the assessed value will be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Lafourche County, the tax bills vary significantly. For instance, the 25th percentile tax bill is $239, while the 75th percentile reaches $1,145. The 90th percentile can go as high as $2,101, indicating a wide range of property tax burdens. For homeowners, understanding these factors is crucial, as they directly impact their annual financial obligations. Comparing these figures to the national median property tax rate of 0.99% highlights the importance of local tax assessments in shaping homeowners' expenses.
Average Cut Off Tax Bill
$587
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Cut Off, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70345 | $99 | $239 | $587 | $1,145 | $2,101 |
| 70354 | $1,514 | $1,514 | $1,514 | $1,514 | $1,514 |
Source: Ownwell