Saint James, Louisiana Property Taxes
The median property tax rate in Saint James, LA is 1.09%, which is higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $52,200 in Saint James, the typical annual property tax bill comes to $438, which is significantly lower than the national median of $2,690. Property taxes in Saint James are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint James'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 Saint James 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
Saint James, 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 Saint James Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint James with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint James 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 Saint James, Louisiana
Property taxes in Saint James, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint James is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Saint James set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint James 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 Saint James's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70086 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Saint James provides valuable insights into the varying tax landscape across St. James Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint James Tax Rate
1.09%
Average St. James County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint James, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70086 | 0.22% | 0.49% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Saint James, Louisiana
In Saint James, 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 St. James Parish Assessor's Office 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 Saint James, 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 Saint James helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 70086 has both the highest and lowest median tax bills at $438.
Average Saint James Assessed Value
$52,200
Average St. James County Assessed Value
$90,899
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint James, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70086 | $15,000 | $27,600 | $52,200 | $85,912 | $150,000 |
Source: Ownwell
Property Tax Bills Across Saint James, Louisiana
In Saint James, 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 the area is $52,200. Homeowners can expect their tax bills to fall within a range, with the 25th percentile at $263 and the 75th percentile at $740. The 90th percentile tax bill can reach up to $1,273, indicating that higher-valued properties contribute more significantly to local tax revenues. Several factors are considered in determining the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. The assessed value is typically a fraction of the market value, multiplied by the tax rate set by local authorities. This rate can vary, but it is crucial in calculating the final tax bill. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Saint James Tax Bill
$438
Average St. James County Tax Bill
$749
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint James, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70086 | $120 | $263 | $438 | $740 | $1,273 |
Source: Ownwell