Watson, Louisiana Property Taxes
The median property tax rate in Watson, LA is 1.21%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Watson at $64,800, the typical annual property tax bill reaches $788, exceeding the national median of $2,690. Property taxes in Watson 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 Watson'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 Watson 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
Watson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$784
Ownwell’s Watson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watson 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 Watson, Louisiana
Property taxes in Watson, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Watson is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Watson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watson 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 Watson's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70786 zip code has both the highest and lowest median property tax rate of 1.21%. Understanding how these cities compare with Watson 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 Watson Tax Rate
1.21%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70786 | 1.18% | 1.19% | 1.21% | 1.23% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Watson, Louisiana
In Watson, 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 Watson, 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 Watson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Watson, the median home price is $64,800, with tax bills ranging from $724 at the 25th percentile to $891 at the 90th percentile. The zip code 70786 has the highest and lowest median tax bill at $788.
Average Watson Assessed Value
$64,800
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 Watson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70786 | $57,920 | $60,500 | $64,800 | $69,100 | $71,680 |
Source: Ownwell
Property Tax Bills Across Watson, Louisiana
In Watson, located in Livingston County, LA, property tax bills are calculated based on the assessed value of the property. This value is typically a percentage of the property's market value, determined by the local tax assessor. Homeowners in Watson can expect their tax bills to fall within specific ranges, with the 25th percentile around $724 and the 75th percentile reaching $852. For those in the higher bracket, the 90th percentile tax bill is approximately $891. These figures are influenced by several factors, including property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Watson offers a relatively moderate tax environment. Homeowners benefit from understanding these assessments as they directly impact annual financial planning and property affordability. The highest and lowest median tax bills in Watson both stand at $788, highlighting a consistent tax structure within the zip code 70786. This consistency provides a predictable framework for homeowners managing their expenses.
Average Watson Tax Bill
$788
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Watson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70786 | $685 | $724 | $788 | $852 | $891 |
Source: Ownwell