Ringgold, Louisiana Property Taxes
The median property tax rate in Ringgold, LA is 1.06%, higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With a median home value of $63,400 in Ringgold, the typical annual property tax bill reaches $670, which is below the national median of $2,690. Property taxes in Ringgold are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ringgold'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 Ringgold 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
Ringgold, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$672
Ownwell’s Ringgold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ringgold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ringgold 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 Ringgold, Louisiana
Property taxes in Ringgold, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ringgold is 0.27%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Ringgold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ringgold 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 Ringgold's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71068 has the same median property tax rate of 0.27%. Understanding how these cities compare with Ringgold provides valuable insights into the varying tax landscape across Red River Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ringgold Tax Rate
1.06%
Average Red River County Tax Rate
1.06%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ringgold, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71068 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ringgold, Louisiana
In Ringgold, 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 Red River 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 Ringgold, 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 Ringgold 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 both fall at $670, specifically in the 71068 zip code.
Average Ringgold Assessed Value
$63,400
Average Red River County Assessed Value
$51,600
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ringgold, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71068 | $18,880 | $42,250 | $63,400 | $98,150 | $179,980 |
Source: Ownwell
Property Tax Bills Across Ringgold, Louisiana
In Ringgold, Louisiana, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $63,400, local authorities assess a portion of this value to calculate the tax. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions can influence the assessed value. Homeowners in Ringgold experience a range of property tax bills. At the 25th percentile, the tax bill is around $450, while at the 75th percentile, it reaches $1,036. For those at the 90th percentile, the tax bill can go up to $1,901. Compared to the national median property tax rate of 0.99%, Ringgold's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their financial obligations accurately.
Average Ringgold Tax Bill
$670
Average Red River County Tax Bill
$549
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringgold, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71068 | $200 | $450 | $670 | $1,036 | $1,901 |
Source: Ownwell