Ventress, Louisiana Property Taxes
The median property tax rate in Ventress, LA is 0.61%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ventress at $156,200, the typical annual property tax bill is $960, significantly below the national median of $2,690. Property taxes in Ventress 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 Ventress'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 Ventress 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
Ventress, 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 Ventress Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ventress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ventress to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Pointe Coupee County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ventress, Louisiana
Property taxes in Ventress, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ventress is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Ventress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ventress 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 Ventress's effective property tax rate to other regions and the national median. For comparison, the zip code 70783 has the highest median property tax rate of 0.61%, while it also has the lowest median tax rate of 0.61%. Understanding how these figures compare with Ventress provides valuable insights into the varying tax landscape across Pointe Coupee Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ventress Tax Rate
0.61%
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 Ventress, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70783 | 0.60% | 0.60% | 0.61% | 0.61% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Ventress, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ventress, 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 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 Ventress, 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 Ventress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ventress is $156,200, with tax bills ranging from $435 at the 25th percentile to $2,300 at the 90th percentile. The zip code 70783 has the highest and lowest median tax bill at $960.
Average Ventress Assessed Value
$156,200
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 Ventress, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70783 | $34,000 | $71,000 | $156,200 | $248,000 | $375,000 |
Source: Ownwell
Property Tax Bills Across Ventress, Louisiana
In Ventress, property tax bills are calculated based on the assessed value of a home, which is determined by the Pointe Coupee County tax assessor's office. The assessor evaluates the property's market value and then applies an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ventress, the median home price stands at $156,200. Property tax bills can vary significantly, with the 25th percentile tax bill at $435 and the 75th percentile reaching $1,516. At the 90th percentile, homeowners may see tax bills as high as $2,300. The highest median tax bill in the area is $960, which is below the national median property tax rate of 0.99%. These tax bills can have a considerable impact on homeowners, influencing their overall cost of living and financial planning. Lower property taxes can be a financial relief, while higher taxes may require more careful budgeting.
Average Ventress Tax Bill
$960
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ventress, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70783 | $219 | $435 | $960 | $1,516 | $2,300 |
Source: Ownwell