Uncle Sam, Louisiana Property Taxes
The median property tax rate in Uncle Sam, LA is 0.50%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Uncle Sam at $94,686, the typical annual property tax bill is $310, well below the national median of $2,690. Property taxes in Uncle Sam are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Uncle Sam's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Uncle Sam or another part of St. James County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Uncle Sam, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$473
Ownwell’s UNCLE SAM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNCLE SAM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNCLE SAM 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 Uncle Sam, Louisiana
Property taxes in UNCLE SAM, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in UNCLE SAM is 0.50%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within UNCLE SAM set these rates annually, and they can vary significantly across different neighborhoods. Each year, UNCLE SAM 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 UNCLE SAM's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70792 zip code has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with UNCLE SAM provides valuable insights into the varying tax landscape across St. James, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Uncle Sam Tax Rate
0.50%
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 Uncle Sam, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70792 | 0.12% | 0.22% | 0.50% | 0.58% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Uncle Sam, Louisiana
In Uncle Sam, 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 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 Uncle Sam, 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. For example, the median home price in Uncle Sam is $94,686, with tax bills ranging significantly. The zip code with the highest median tax bill is 70792 at $310. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Uncle Sam Assessed Value
$94,686
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 Uncle Sam, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70792 | $48,374 | $77,775 | $94,686 | $140,125 | $157,644 |
Source: Ownwell
Property Tax Bills Across Uncle Sam, Louisiana
In Uncle Sam, St. James County, LA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is typically a percentage of your property's market value. For instance, with a median home price of $94,686, the tax bill can vary significantly. Factors such as property location, home improvements, and market conditions are considered in determining the assessed value. Homeowners in Uncle Sam can expect their property tax bills to fall within a broad range. The 25th percentile tax bill is $203, while the 75th percentile tax bill is $700. For those at the higher end, the 90th percentile tax bill reaches $948. This variability means that property taxes can have a substantial impact on household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors and their influence on your tax bill is crucial for effective financial planning as a homeowner in Uncle Sam.
Average Uncle Sam Tax Bill
$310
Average St. James County Tax Bill
$749
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Uncle Sam, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70792 | $103 | $203 | $310 | $700 | $948 |
Source: Ownwell