Innis, Louisiana Property Taxes
The median property tax rate in Innis, LA is 0.62%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Innis at $69,400, the typical annual property tax bill reaches $430, significantly below the national median of $2,690. Property taxes in Innis 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 Innis'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 Innis or another part of Pointe Coupee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Innis, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$430
Ownwell’s INNIS Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in INNIS with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in INNIS to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Innis, Louisiana
Property taxes in Innis, Louisiana, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Innis is 0.62%, which is below the U.S. national median of 0.99%. Local government entities within Innis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Innis 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 Innis's effective property tax rate to other regions and the national median. For comparison, the zip code 70747 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Innis provides valuable insights into the varying tax landscape across Pointe Coupee, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Innis Tax Rate
0.62%
Average Pointe Coupee County Tax Rate
0.65%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Innis, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70747 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Innis, Louisiana
In INNIS, 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 Pointe Coupee 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 INNIS, 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. For instance, the median home price in INNIS is $69,400, with tax bills ranging from $366 at the 25th percentile to $458 at the 90th percentile. 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 INNIS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Innis Assessed Value
$69,400
Average Pointe Coupee County Assessed Value
$86,100
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Innis, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70747 | $52,760 | $59,000 | $69,400 | $72,200 | $73,880 |
Source: Ownwell
Property Tax Bills Across Innis, Louisiana
In the city of Innis, located in Pointe Coupee County, LA, property tax bills are calculated based on a combination of the assessed value of the property and the applicable tax rate. The assessed value is typically a percentage of the property's market value, which is determined by local assessors. For instance, with a median home price of $69,400, the assessed value forms the basis for the tax calculation. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is determined, the local tax rate is applied to calculate the property tax bill. In Innis, property tax bills range significantly, with the 25th percentile at $366 and the 75th percentile at $448. The 90th percentile tax bill is $458, indicating that most homeowners in this area pay within this range. These property taxes fund essential local services like schools, infrastructure, and public safety. For homeowners, understanding these components is crucial, as it directly impacts their annual financial obligations and the overall affordability of owning property in Innis.
Average Innis Tax Bill
$430
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Innis, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70747 | $327 | $366 | $430 | $448 | $458 |
Source: Ownwell