Maurepas, Louisiana Property Taxes
The median property tax rate in Maurepas, Louisiana is 1.04%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Maurepas being $58,500, the typical annual property tax bill reaches $600, which is significantly lower than the national median of $2,690. Property taxes in Maurepas are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maurepas'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 Maurepas or another part of Livingston Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maurepas, 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 Maurepas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maurepas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maurepas 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 Livingston County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Maurepas, Louisiana
Property taxes in Maurepas, Louisiana, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Maurepas is 1.04%, which is higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Maurepas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maurepas 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 Maurepas's effective property tax rate to other areas in Livingston Parish and the national median. For comparison, the zip code 70449 has both the highest and lowest median property tax rate in the region, standing at 1.04%. Understanding how these areas compare with Maurepas provides valuable insights into the varying tax landscape across Livingston Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maurepas Tax Rate
1.04%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maurepas, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70449 | 0.92% | 1.01% | 1.04% | 1.10% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Maurepas, Louisiana
In Maurepas, 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 Livingston 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 Maurepas, 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 Maurepas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maurepas are both $600, with the zip code 70449.
Average Maurepas Assessed Value
$58,500
Average Livingston County Assessed Value
$123,300
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maurepas, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70449 | $18,100 | $29,850 | $58,500 | $122,250 | $277,500 |
Source: Ownwell
Property Tax Bills Across Maurepas, Louisiana
In Maurepas, property tax bills are calculated based on the assessed value of a home, which is determined by the Livingston County Assessor's Office. The assessed value is a percentage of the property's market value. Once the assessed value is established, local tax rates, set by various taxing authorities such as school districts and municipal governments, are applied to calculate the final tax bill. Homeowners in Maurepas experience a range of property tax bills. For instance, the 25th percentile tax bill is around $323, while those in the 75th percentile pay approximately $1210. High-value properties can see tax bills reaching up to $2651, placing a significant financial responsibility on homeowners. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how their local rates compare and impact their finances. Understanding these factors helps homeowners in Maurepas plan better for their annual property tax obligations and manage their budgets effectively.
Average Maurepas Tax Bill
$600
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Maurepas, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70449 | $208 | $323 | $600 | $1,210 | $2,651 |
Source: Ownwell