Mora, Louisiana Property Taxes
The median property tax rate in Mora, LA is 0.84%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $25,200 in Mora, the typical annual property tax bill amounts to $211, significantly below the national median of $2,690. Property taxes in Mora are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mora's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mora or another part of Natchitoches County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mora, 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 Mora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mora 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 Mora, Louisiana
Property taxes in Mora, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mora is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Mora set these rates annually, and they can vary across different neighborhoods. Each year, Mora 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. Understanding how Mora's effective property tax rate compares to other areas within Natchitoches Parish and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mora Tax Rate
0.84%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mora, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71455 | 0.78% | 0.79% | 0.84% | 0.89% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Mora, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mora, Louisiana. 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 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 Mora, 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. For instance, in Mora, the median home price is $25,200. The 25th percentile tax bill is $107, while the 75th percentile tax bill is $382. The highest median tax bill recorded is $211 in zip code 71455, which also happens to be the lowest median tax bill, highlighting the consistency in property tax assessments in this area. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mora Assessed Value
$25,200
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 Mora, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71455 | $7,620 | $11,100 | $25,200 | $48,100 | $60,160 |
Source: Ownwell
Property Tax Bills Across Mora, Louisiana
In Mora, located in Natchitoches County, LA, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The median home price in Mora is $25,200, significantly lower than the national median, which influences the overall tax bill. Tax rates are applied to the assessed value to determine the final tax bill. For instance, the tax bill for the 25th percentile is $107, while the 75th percentile sees a bill of $382. Homeowners in the 90th percentile face a tax bill of $471. The highest and lowest median tax bills both stand at $211, indicating a relatively uniform tax landscape within the area. Factors such as property size, location, and improvements can affect the assessed value and, consequently, the tax bill. This system ensures that property taxes are proportionate to the property's value, impacting homeowners by reflecting their property's worth in their annual tax obligations.
Average Mora Tax Bill
$211
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mora, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71455 | $78 | $107 | $211 | $382 | $471 |
Source: Ownwell