Walker, Louisiana Property Taxes
The median property tax rate in Walker, LA is 1.23%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Walker, the typical annual property tax bill reaches $1,558, which is lower than the national median of $2,690. Property taxes in Walker 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 Walker'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 Walker 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
Walker, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,571
Ownwell’s Walker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walker 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 Walker, Louisiana
Property taxes in Walker, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walker is 0.39%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Walker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walker 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 Walker's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70785 zip code has the highest median property tax rate of 0.39%, while the same 70785 zip code also has the lowest median tax rate of 0.39%. Understanding how these figures compare with Walker 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 Walker Tax Rate
1.23%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walker, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70785 | 1.22% | 1.22% | 1.23% | 1.26% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Walker, Louisiana
In Walker, 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. In Walker, 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. The median home price in Walker is $127,700. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest median tax bill is 70785, with a tax bill of $1,558. Being aware of these valuation processes in Walker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walker Assessed Value
$127,700
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 Walker, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70785 | $29,800 | $64,500 | $127,700 | $170,500 | $220,880 |
Source: Ownwell
Property Tax Bills Across Walker, Louisiana
In Walker, located in Livingston County, LA, property tax bills are primarily calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Walker is $127,700. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors, such as property type, location, and any applicable exemptions, influence the final tax bill. For homeowners in Walker, the tax burden can vary significantly. The 25th percentile tax bill is approximately $792, while those in the 75th percentile can expect to pay around $2,080. At the 90th percentile, the tax bill climbs to $2,683. These figures highlight the range of property tax obligations within the city. The median property tax rate in Walker is notably lower than the national median of 0.99%, making it a relatively affordable area for property owners in terms of tax liabilities. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Walker Tax Bill
$1,558
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Walker, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70785 | $372 | $792 | $1,558 | $2,080 | $2,683 |
Source: Ownwell