Rosepine, Louisiana Property Taxes
The median property tax rate in Rosepine, LA is 1.26%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Rosepine at $88,050, the typical annual property tax bill reaches $1,111, which is lower than the national median of $2,690. Property taxes in Rosepine 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 Rosepine'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 Rosepine 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
Rosepine, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,109
Ownwell’s Rosepine Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rosepine with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rosepine to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in neighborhood-specific trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Rosepine, Louisiana
Property taxes in Rosepine, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosepine is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rosepine set these rates annually, and they can vary across different neighborhoods. Each year, Rosepine 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 Rosepine's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70659 has both the highest and lowest median property tax rate in the area at 1.26%. Understanding how these cities compare with Rosepine provides valuable insights into the varying tax landscape across Vernon Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosepine Tax Rate
1.26%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosepine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70659 | 1.26% | 1.26% | 1.26% | 1.26% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Rosepine, Louisiana
In Rosepine, 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 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 Rosepine, 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 Rosepine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rosepine is $88,050, with tax bills ranging from $605 at the 25th percentile to $2,292 at the 90th percentile. The highest and lowest median tax bills are both $1,111, located in zip code 70659.
Average Rosepine Assessed Value
$88,050
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 Rosepine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70659 | $20,710 | $47,975 | $88,050 | $144,500 | $181,670 |
Source: Ownwell
Property Tax Bills Across Rosepine, Louisiana
In Rosepine, situated in Vernon County, LA, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For homeowners in Rosepine, the median home price stands at $88,050, and tax bills can vary significantly. For instance, homeowners at the 25th percentile face a tax bill of around $605, while those at the 75th percentile see bills closer to $1,823. At the 90th percentile, tax bills can reach up to $2,292. Factors influencing these tax bills include property location, market conditions, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Rosepine homeowners experience a range of tax burdens, which can impact their overall financial planning and housing affordability. Understanding these factors is crucial for homeowners to manage their property investments effectively.
Average Rosepine Tax Bill
$1,111
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosepine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70659 | $263 | $605 | $1,111 | $1,823 | $2,292 |
Source: Ownwell