Patterson, Louisiana Property Taxes
The median property tax rate in Patterson, LA is 1.12%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Patterson at $80,280, the typical annual property tax bill reaches $887, which is below the national median of $2,690. Property taxes in Patterson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Patterson'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 Patterson 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
Patterson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$899
Ownwell’s Patterson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patterson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patterson 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 Patterson, Louisiana
Property taxes in Patterson, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patterson is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Patterson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patterson 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 Patterson's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70392 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Patterson 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 Patterson Tax Rate
1.12%
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 Patterson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70392 | 1.04% | 1.04% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Patterson, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Patterson, Louisiana. 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 County 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 Patterson, 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 Patterson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Patterson is $80,280, with tax bills ranging from $407 at the 25th percentile to $2,058 at the 90th percentile. The zip code 70392 has the highest and lowest median tax bill at $887.
Average Patterson Assessed Value
$80,280
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 Patterson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70392 | $11,200 | $36,830 | $80,280 | $131,700 | $188,440 |
Source: Ownwell
Property Tax Bills Across Patterson, Louisiana
In Patterson, located in St. Mary County, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The tax rate then applies to this assessed value. For example, with a median home price of $80,280, homeowners can expect varying tax bills depending on specific factors such as property location and exemptions. The 25th percentile tax bill in Patterson stands at $407, while the 75th percentile reaches $1,449. For those in the 90th percentile, the tax bill can go up to $2,058. These figures show a range of what homeowners might pay, emphasizing the impact of property value and local tax rates. The highest and lowest median tax bills in the area are both $887, found in the 70392 zip code. Compared to the national median property tax rate of 0.99%, Patterson's tax rates can significantly influence homeowners' annual expenses, making it crucial to understand these local variations.
Average Patterson Tax Bill
$887
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Patterson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70392 | $125 | $407 | $887 | $1,449 | $2,058 |
Source: Ownwell