Clifton, Louisiana Property Taxes
The median property tax rate in Clifton, LA is 1.19%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Clifton, the typical annual property tax bill reaches $529, which is lower than the national median of $2,690. Property taxes in Clifton 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 Clifton'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 Clifton or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clifton, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$528
Ownwell’s Clifton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton 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 Clifton, Louisiana
Property taxes in Clifton, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifton is 1.19%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Clifton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifton 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 Clifton's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71447 zip code has the highest median property tax rate of 1.19%, while the same zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Clifton provides valuable insights into the varying tax landscape across Vernon, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifton Tax Rate
1.19%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71447 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Clifton, Louisiana
In Clifton, 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 Vernon 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 Clifton, 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 Clifton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clifton, the median home price is $44,400, with the highest and lowest median tax bills both at $529 in the 71447 zip code.
Average Clifton Assessed Value
$44,400
Average Vernon County Assessed Value
$52,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71447 | $44,400 | $44,400 | $44,400 | $44,400 | $44,400 |
Source: Ownwell
Property Tax Bills Across Clifton, Louisiana
In Clifton, property tax bills are calculated based on the assessed value of a home, which is determined by the Vernon County assessor. This assessed value is a percentage of the home's market value. The property tax rate in Clifton is influenced by the local county rate and any additional levies from school districts or other local services. For instance, with a median home price of $44,400, homeowners in Clifton can expect a median property tax bill around $529, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can also affect the assessed value, and consequently, the tax bill. Homeowners benefit from understanding these factors, as they can potentially lower their tax burden through appeals or exemptions. Keeping abreast of local tax rates and assessments ensures that homeowners are not overpaying and can better manage their annual property tax expenses.
Average Clifton Tax Bill
$529
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71447 | $529 | $529 | $529 | $529 | $529 |
Source: Ownwell