Livonia, Louisiana Property Taxes
The median property tax rate in Livonia, Louisiana is 0.71%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Livonia, the typical annual property tax bill is $642, well below the national median of $2,690. Property taxes in Livonia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Livonia'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 Livonia 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
Livonia, 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 Livonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livonia 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 Livonia, Louisiana
Property taxes in Livonia, Louisiana, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Livonia is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Livonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livonia 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 Livonia's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70755 has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Livonia 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 Livonia Tax Rate
0.71%
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 Livonia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70755 | 0.66% | 0.66% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Livonia, Louisiana
In Livonia, 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 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. 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 Livonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 70755 at $642.00, while the lowest is also 70755 at $642.00.
Average Livonia Assessed Value
$90,550
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 Livonia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70755 | $23,000 | $57,175 | $90,550 | $157,875 | $222,520 |
Source: Ownwell
Property Tax Bills Across Livonia, Louisiana
In Livonia, Pointe Coupee County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, a home with a median market price of $90,550 would have its tax bill determined by the local tax rate applied to its assessed value. Various factors influence this calculation, including the property's location, size, and any applicable exemptions. The typical property tax bill in Livonia can range significantly. Homeowners in the 25th percentile pay around $404, while those in the 75th percentile face bills closer to $1,124. At the higher end, the 90th percentile sees tax bills reaching approximately $1,513. Compared to the national median property tax rate of 0.99%, Livonia's rates reflect a localized approach to property taxation. These taxes fund essential public services such as schools, infrastructure, and public safety, directly impacting homeowners by contributing to community quality and property value stability. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Livonia Tax Bill
$642
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Livonia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70755 | $160 | $404 | $642 | $1,124 | $1,513 |
Source: Ownwell