Kilbourne, Louisiana Property Taxes
The median property tax rate in Kilbourne, LA is 0.68%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Kilbourne at $143,936, the typical annual property tax bill reaches $983, well below the national median of $2,690. Property taxes in Kilbourne 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 Kilbourne'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 Kilbourne 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
Kilbourne, 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 Kilbourne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kilbourne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kilbourne 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 Kilbourne, Louisiana
Property taxes in Kilbourne, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kilbourne is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Kilbourne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kilbourne 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 Kilbourne's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71253 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Kilbourne provides valuable insights into the varying tax landscape across West Carroll, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kilbourne Tax Rate
0.68%
Average West Carroll County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kilbourne, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71253 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Kilbourne, Louisiana
In Kilbourne, 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 West Carroll 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 Kilbourne, 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 Kilbourne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $983, found in the 71253 zip code.
Average Kilbourne Assessed Value
$143,936
Average West Carroll County Assessed Value
$70,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kilbourne, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71253 | $94,286 | $112,905 | $143,936 | $174,968 | $193,587 |
Source: Ownwell
Property Tax Bills Across Kilbourne, Louisiana
In Kilbourne, West Carroll County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the home's market value. For instance, if the median home price in Kilbourne is $143,936, the assessed value would be a fraction of this amount. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property improvements, changes in market conditions, and local tax rates. Homeowners in Kilbourne can expect their property tax bills to vary, with the 25th percentile tax bill at $771 and the 75th percentile at $1,195. The 90th percentile tax bill reaches up to $1,322. These figures highlight the range of property tax expenses homeowners might face, reflecting the impact of property taxes on household budgets. Compared to the national median property tax rate of 0.99%, Kilbourne's rates offer a localized perspective on property tax obligations.
Average Kilbourne Tax Bill
$983
Average West Carroll County Tax Bill
$496
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Kilbourne, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71253 | $644 | $771 | $983 | $1,195 | $1,322 |
Source: Ownwell