Winnfield, Louisiana Property Taxes
The median property tax rate in Winnfield, LA is 0.79%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Winnfield at $38,000, the typical annual property tax bill amounts to $296, significantly below the national median of $2,690. Property taxes in Winnfield 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 Winnfield'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 Winnfield 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
Winnfield, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$300
Ownwell’s Winnfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winnfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winnfield 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 Winnfield, Louisiana
Property taxes in Winnfield, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Winnfield is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Winnfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnfield 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 Winnfield's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71483 zip code has the highest median property tax rate of 0.79%, while the same zip code has the lowest median tax rate of 0.79%. Understanding how these cities compare with Winnfield provides valuable insights into the varying tax landscape across Winn Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winnfield Tax Rate
0.79%
Average Winn County Tax Rate
0.79%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnfield, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71483 | 0.74% | 0.74% | 0.79% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Winnfield, Louisiana
In Winnfield, 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 Winn Parish Assessor's Office 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. 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. For instance, in Winnfield, the median home price is $38,000, with tax bills ranging from $130 at the 25th percentile to $982 at the 90th percentile. The highest and lowest median tax bills both stand at $296 in the 71483 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winnfield Assessed Value
$38,000
Average Winn County Assessed Value
$36,260
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winnfield, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71483 | $8,400 | $17,000 | $38,000 | $74,000 | $125,760 |
Source: Ownwell
Property Tax Bills Across Winnfield, Louisiana
In Winnfield, located in Winn Parish, LA, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. For homeowners, the tax bill is influenced by factors such as the assessed value, local tax rates, and any applicable exemptions. The median home price in Winnfield is $38,000, and property tax bills vary significantly. For instance, the 25th percentile tax bill is around $130, while the 75th percentile reaches up to $585. At the 90th percentile, homeowners might see tax bills as high as $982. The highest median tax bill in the area is $296, which is also the lowest, indicating uniformity in certain zip codes like 71483. Compared to the national median property tax rate of 0.99%, Winnfield's property tax rates can be considered relatively moderate. These tax bills directly impact homeowners, affecting their annual expenses and potentially influencing decisions related to property ownership and investment. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Winnfield Tax Bill
$296
Average Winn County Tax Bill
$296
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnfield, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71483 | $65 | $130 | $296 | $585 | $982 |
Source: Ownwell