Shreveport, Louisiana Property Taxes
The median property tax rate in Shreveport, LA is 1.10%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Shreveport at $66,200, the typical annual property tax bill amounts to $729, which is notably lower than the national median of $2,690. Property taxes in Shreveport are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Shreveport'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 Shreveport 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
Shreveport, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$728
Ownwell’s Shreveport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shreveport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shreveport 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 Shreveport, Louisiana
Property taxes in Shreveport, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shreveport is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Shreveport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shreveport 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 Shreveport's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71115 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Shreveport provides valuable insights into the varying tax landscape across Red River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shreveport Tax Rate
1.10%
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 Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71115 | 1.10% | 1.10% | 1.10% | 1.10% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Shreveport, Louisiana
In Shreveport, 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 local appraisal district 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 Shreveport, 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 Shreveport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shreveport is in the 71115 zip code at $729, while the lowest median tax bill is also in the 71115 zip code at $729.
Average Shreveport Assessed Value
$66,200
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 Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71115 | $14,000 | $34,450 | $66,200 | $150,800 | $255,540 |
Source: Ownwell
Property Tax Bills Across Shreveport, Louisiana
Property tax bills in Shreveport, Red River County, LA, are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Shreveport is $66,200. Property tax rates are applied to this assessed value to calculate the annual tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. For instance, the tax bill at the 25th percentile is $382, while at the 75th percentile, it rises to $1,660, and at the 90th percentile, it reaches $2,831. The highest median tax bill in Shreveport is $729 in the 71115 zip code. Compared to the national median property tax rate of 0.99%, Shreveport's tax rates can significantly impact homeowners. Lower tax bills can make homeownership more affordable, while higher tax bills may require careful financial planning. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Shreveport Tax Bill
$729
Average Red River County Tax Bill
$549
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71115 | $154 | $382 | $729 | $1,660 | $2,831 |
Source: Ownwell