Charenton, Louisiana Property Taxes
The median property tax rate in Charenton, LA is 1.27%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Charenton at $44,790, the typical annual property tax bill reaches $568, which is lower than the national median of $2,690. Property taxes in Charenton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Charenton'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 Charenton 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
Charenton, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$569
Ownwell’s Charenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charenton 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 Charenton, Louisiana
Property taxes in Charenton, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charenton is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Charenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charenton 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 Charenton's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70523 zip code has the highest median property tax rate of 1.27%, while the 70523 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Charenton provides valuable insights into the varying tax landscape across St. Mary Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Charenton Tax Rate
1.27%
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 Charenton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70523 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Charenton, Louisiana
In Charenton, 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'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 Charenton, 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 Charenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 70523, with a median tax bill of $568.
Average Charenton Assessed Value
$44,790
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 Charenton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70523 | $4,000 | $15,540 | $44,790 | $62,250 | $111,050 |
Source: Ownwell
Property Tax Bills Across Charenton, Louisiana
In Charenton, located in St. Mary County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region typically experience a median home price of $44,790. The tax rate applied to this assessed value determines the annual tax bill. Factors influencing this calculation include property location, market trends, and any applicable exemptions. For instance, property tax bills in Charenton range significantly, with the 25th percentile at $197 and the 75th percentile at $789, indicating a broad spectrum of tax obligations based on property values and exemptions. At the higher end, the 90th percentile tax bill reaches $1,407. The highest median tax bill recorded in the area is $568, which is relatively modest compared to the national median property tax rate of 0.99%. These property tax bills impact homeowners by influencing their annual financial planning and potentially affecting decisions related to property investments and home improvements. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Charenton Tax Bill
$568
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Charenton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70523 | $51 | $197 | $568 | $789 | $1,407 |
Source: Ownwell