Tickfaw, Louisiana Property Taxes
The median property tax rate in Tickfaw, LA is 0.88%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Tickfaw at $57,000, the typical annual property tax bill amounts to $502, significantly below the national median of $2,690. Property taxes in Tickfaw are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Tickfaw'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 Tickfaw 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
Tickfaw, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$502
Ownwell’s TICKFAW Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TICKFAW with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TICKFAW 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 Tickfaw, Louisiana
Property taxes in Tickfaw, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tickfaw is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Tickfaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tickfaw 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 Tickfaw's effective property tax rate to other regions in the U.S. and the national median. For comparison, the zip code 70466 has the highest median property tax rate of 0.88%, while also having the lowest median tax rate of 0.88%. Understanding how these areas compare with Tickfaw 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 regions.
Average Tickfaw Tax Rate
0.88%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tickfaw, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70466 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Tickfaw, Louisiana
In TICKFAW, 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 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 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 TICKFAW helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in TICKFAW is $57,000, with tax bills ranging from $272 at the 25th percentile to $1,437 at the 90th percentile.
Average Tickfaw Assessed Value
$57,000
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 Tickfaw, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70466 | $17,900 | $30,900 | $57,000 | $98,300 | $163,300 |
Source: Ownwell
Property Tax Bills Across Tickfaw, Louisiana
In TICKFAW, Livingston County, LA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in TICKFAW, the median home price is $57,000, which serves as a basis for calculating the property tax bill. Factors such as property size, location, and any improvements made to the home can influence the assessed value. Once the assessed value is determined, the local tax rate is applied to calculate the tax bill. In TICKFAW, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $272, while the 75th percentile tax bill is $865, and the 90th percentile tax bill reaches up to $1437. This variability can impact homeowners differently, depending on the assessed value of their property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of the property tax landscape in TICKFAW.
Average Tickfaw Tax Bill
$502
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Tickfaw, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70466 | $158 | $272 | $502 | $865 | $1,437 |
Source: Ownwell