Sun, Louisiana Property Taxes
The median property tax rate in SUN, LA is 0.84%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $66,430 in SUN, the typical annual property tax bill is $809, significantly less than the national median of $2,690. Property taxes in SUN are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding SUN'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 SUN or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sun, 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 SUN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SUN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SUN 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 Sun, Louisiana
Property taxes in SUN, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SUN is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within SUN set these rates annually, and they can vary significantly across different neighborhoods. Each year, SUN 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 SUN's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70463 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with SUN provides valuable insights into the varying tax landscape across St. Tammany, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sun Tax Rate
0.84%
Average St. Tammany County Tax Rate
0.98%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sun, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70463 | 0.39% | 0.76% | 0.84% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Sun, Louisiana
In SUN, 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. Tammany 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 SUN, 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 SUN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 70463 has both the highest and lowest median tax bills at $809.
Average Sun Assessed Value
$66,430
Average St. Tammany County Assessed Value
$172,720
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sun, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70463 | $20,850 | $36,608 | $66,430 | $105,588 | $179,020 |
Source: Ownwell
Property Tax Bills Across Sun, Louisiana
Property tax bills in SUN, located in St. Tammany Parish, LA, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. In SUN, the median home price stands at $66,430. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in SUN experience a range of tax bills; the 25th percentile tax bill is $135, while the 75th percentile reaches $1,292, and the 90th percentile climbs to $1,514. These figures illustrate the variability in tax burdens within the community. Compared to the national median property tax rate of 0.99%, SUN's property taxes can be considered relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Sun Tax Bill
$809
Average St. Tammany County Tax Bill
$1,777
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Sun, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70463 | $126 | $135 | $809 | $1,292 | $1,514 |
Source: Ownwell