Basile, Louisiana Property Taxes
The median property tax rate in Basile, LA is 0.90%, slightly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Basile at $84,000, the typical annual property tax bill amounts to $695, which is significantly below the national median of $2,690. Property taxes in Basile 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 Basile'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 Basile 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
Basile, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$756
Ownwell’s Basile Property Tax Bill Calculator is designed for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Basile with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Basile to provide an estimate of your property tax bill. This user-friendly tool offers valuable insights into your potential tax liabilities, helping you plan your finances better. For those interested in more detailed information, you can explore trends at the neighborhood level by scrolling down. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Basile, Louisiana
Property taxes in Basile, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Basile is 0.90%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Basile set these rates annually, and they can vary significantly across different neighborhoods. Each year, Basile 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 Basile's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70515 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Basile provides valuable insights into the varying tax landscape across Acadia Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Basile Tax Rate
0.90%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Basile, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70515 | 0.75% | 0.75% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Basile, Louisiana
In Basile, 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 Acadia 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 Basile, 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 Basile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70515 has both the highest and lowest median tax bill at $695, which can be compared to the national median property tax rate of 0.99%.
Average Basile Assessed Value
$84,000
Average Acadia County Assessed Value
$62,600
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Basile, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70515 | $22,870 | $49,750 | $84,000 | $130,000 | $203,750 |
Source: Ownwell
Property Tax Bills Across Basile, Louisiana
In Basile, LA, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. Homeowners in Basile can expect their tax bills to vary significantly depending on the value of their property. For instance, the median home price in Basile is $84,000. Property tax bills in Basile range from $388 at the 25th percentile to $1,132 at the 75th percentile, with the 90th percentile reaching $1,659. The tax rate in Basile is influenced by various factors, including the local government's budget needs and voter-approved levies for services such as schools and infrastructure. These taxes fund essential public services, but they also represent a significant expense for homeowners. Compared to the national median property tax rate of 0.99%, Basile's rates can seem relatively moderate, offering a more affordable option for property owners in this region.
Average Basile Tax Bill
$695
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Basile, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70515 | $184 | $388 | $695 | $1,132 | $1,659 |
Source: Ownwell