New Roads, Louisiana Property Taxes
The median property tax rate in New Roads, LA is 0.65%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in New Roads at $82,000, the typical annual property tax bill is $532, significantly below the national median of $2,690. Property taxes in New Roads 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 New Roads' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of New Roads 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
New Roads, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$533
Ownwell’s New Roads Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Roads with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Roads 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 New Roads, Louisiana
Property taxes in New Roads, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Roads is 0.65%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within New Roads set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Roads 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 New Roads' effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70760 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with New Roads 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 New Roads Tax Rate
0.65%
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 New Roads, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70760 | 0.60% | 0.65% | 0.65% | 0.65% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across New Roads, Louisiana
In New Roads, 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. In New Roads, 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 New Roads helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $532 in the 70760 zip code.
Average New Roads Assessed Value
$82,000
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 New Roads, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70760 | $22,500 | $46,800 | $82,000 | $174,200 | $289,940 |
Source: Ownwell
Property Tax Bills Across New Roads, Louisiana
In New Roads, Pointe Coupee County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in New Roads is $82,000. Homeowners can expect their property tax bill to vary significantly depending on the assessed value and applicable tax rates. For instance, the 25th percentile of tax bills is around $307, while the 75th percentile reaches $1,119, and the 90th percentile can be as high as $1,891. These figures highlight the range of property tax burdens homeowners may face. The highest median tax bill recorded in the area is $532, which aligns with the national median property tax rate of 0.99%. Factors such as home improvements, neighborhood developments, and changes in local tax laws can influence the assessed value and, consequently, the tax bill. Understanding these elements helps homeowners anticipate and manage their property tax obligations effectively.
Average New Roads Tax Bill
$532
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across New Roads, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70760 | $147 | $307 | $532 | $1,119 | $1,891 |
Source: Ownwell