Baldwin, Louisiana Property Taxes
The median property tax rate in Baldwin, LA is 1.15%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Baldwin, the typical annual property tax bill reaches $603, which is significantly lower than the national median of $2,690. Property taxes in Baldwin 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 Baldwin'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 Baldwin 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
Baldwin, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$595
Ownwell’s Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin 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 Baldwin, Louisiana
Property taxes in Baldwin, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin is 1.15%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baldwin 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 Baldwin's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70514 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these cities compare with Baldwin provides valuable insights into the varying tax landscape across St. Mary, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baldwin Tax Rate
1.15%
Average St. Mary County Tax Rate
1.12%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baldwin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70514 | 1.15% | 1.15% | 1.15% | 1.16% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin, Louisiana
In Baldwin, 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. Mary 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 Baldwin, 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. The median home price in Baldwin is $51,750, with tax bills ranging from $333 at the 25th percentile to $1,587 at the 90th percentile. 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 Baldwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baldwin Assessed Value
$51,750
Average St. Mary County Assessed Value
$58,475
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baldwin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70514 | $12,848 | $28,100 | $51,750 | $88,820 | $136,220 |
Source: Ownwell
Property Tax Bills Across Baldwin, Louisiana
In Baldwin, located in St. Mary County, LA, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $51,750, homeowners can expect their tax bills to vary. The 25th percentile tax bill is around $333, while the 75th percentile reaches up to $1,053, and the 90th percentile can climb to $1,587. Several factors influence these tax bills, including the property's market value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Baldwin's rates reflect the local economic conditions and funding needs for public services. Homeowners in Baldwin benefit from understanding these factors as they directly affect their annual financial obligations. By staying informed, they can better anticipate changes in their property tax bills and plan accordingly.
Average Baldwin Tax Bill
$603
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Baldwin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70514 | $153 | $333 | $603 | $1,053 | $1,587 |
Source: Ownwell