Clarence, Louisiana Property Taxes
The median property tax rate in Clarence, LA is 0.94%, slightly lower than the national median of 0.99% but higher than the Louisiana state median of 0.91%. With the median home value in Clarence at $43,900, the typical annual property tax bill is $415, significantly below the national median of $2,690. Property taxes in Clarence 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 Clarence'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 Clarence 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
Clarence, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$413
Ownwell’s Clarence Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Clarence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarence 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 Clarence, Louisiana
Property taxes in Clarence, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarence is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Clarence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarence 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 Clarence's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71414 has both the highest and lowest median property tax rate of 0.94%, identical to Clarence's median rate. Understanding how these areas compare with Clarence provides valuable insights into the varying tax landscape across Natchitoches Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarence Tax Rate
0.94%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarence, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71414 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Clarence, Louisiana
In Clarence, 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 Natchitoches 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 Clarence, 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 Clarence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest and lowest median tax bills in the area are both $415, found in the 71414 zip code.
Average Clarence Assessed Value
$43,900
Average Natchitoches County Assessed Value
$62,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarence, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71414 | $17,760 | $25,675 | $43,900 | $54,175 | $61,060 |
Source: Ownwell
Property Tax Bills Across Clarence, Louisiana
In Clarence, located in Natchitoches Parish, LA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in this area is $43,900. Local tax rates are applied to this assessed value to determine the annual tax bill. For instance, homeowners in Clarence can expect their tax bills to vary significantly, with the 25th percentile at $242 and the 75th percentile reaching $511. At the 90th percentile, tax bills can go up to $576. The highest and lowest median tax bill in the region is $415, which is considerably lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Clarence Tax Bill
$415
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarence, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71414 | $168 | $242 | $415 | $511 | $576 |
Source: Ownwell