Branch, Louisiana Property Taxes
The median property tax rate in BRANCH, LA is 0.72%, notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in BRANCH at $77,850, the typical annual property tax bill is around $597, which is significantly less than the national median of $2,690. Property taxes in BRANCH are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding BRANCH'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 BRANCH 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
Branch, 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 BRANCH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BRANCH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BRANCH 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 Branch, Louisiana
Property taxes in BRANCH, Louisiana, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in BRANCH is 0.72%, which is below the U.S. national median of 0.99%. Local government entities within BRANCH set these rates annually, and they can vary significantly across different neighborhoods. Each year, BRANCH 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 BRANCH's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70516 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these figures compare with BRANCH 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 Branch Tax Rate
0.72%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Branch, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70516 | 0.67% | 0.71% | 0.72% | 0.89% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Branch, Louisiana
In BRANCH, 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'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. In BRANCH, 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. The median home price in BRANCH stands at $77,850, with tax bills ranging from $324 at the 25th percentile to $1,570 at the 90th percentile. The zip code with the highest and lowest median tax bill is 70516, both at $597. 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 in BRANCH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Branch Assessed Value
$77,850
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 Branch, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70516 | $21,000 | $41,025 | $77,850 | $133,500 | $193,300 |
Source: Ownwell
Property Tax Bills Across Branch, Louisiana
In BRANCH, located in Acadia County, LA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in this area experience varying tax bills, influenced by the assessed value and the local tax rate. For instance, the median home price in BRANCH is $77,850. Homeowners at the 25th percentile of tax bills pay around $324, while those at the 75th percentile pay approximately $1,037. The 90th percentile sees tax bills as high as $1,570. The highest and lowest median tax bills in the area both stand at $597, specifically in the 70516 zip code. Compared to the national median property tax rate of 0.99%, the property tax rates in BRANCH can significantly impact homeowners, affecting their annual expenses and overall affordability of homeownership. Understanding these factors is crucial for homeowners planning their budgets and long-term financial goals.
Average Branch Tax Bill
$597
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Branch, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70516 | $151 | $324 | $597 | $1,037 | $1,570 |
Source: Ownwell