Morse, Louisiana Property Taxes
The median property tax rate in Morse, LA is 0.93%, slightly lower than the national median of 0.99% but higher than the Louisiana state median of 0.91%. With a median home value of $42,000, the typical annual property tax bill in Morse reaches $371, which is significantly below the national median of $2,690. Property taxes in Morse are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Morse'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 Morse 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
Morse, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$391
Ownwell’s Morse Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morse to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Morse, Louisiana
Property taxes in Morse, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morse is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Morse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morse 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 Morse's effective property tax rate to other areas and the national median. For comparison, the zip code 70559 has the same median property tax rate of 0.93%. Understanding how these areas compare with Morse 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 Morse Tax Rate
0.93%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morse, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70559 | 0.68% | 0.93% | 0.93% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Morse, Louisiana
In Morse, 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 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 Morse, 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 Morse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Morse is $371 in the 70559 zip code, while the lowest is also $371 in the same zip code. This consistency highlights the importance of understanding your property’s assessed value to ensure accurate tax payments.
Average Morse Assessed Value
$42,000
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 Morse, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70559 | $9,060 | $20,000 | $42,000 | $77,450 | $130,000 |
Source: Ownwell
Property Tax Bills Across Morse, Louisiana
In Morse, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Morse is $42,000. Homeowners in Morse can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $171, while at the 75th percentile, it reaches $669, and at the 90th percentile, it goes up to $1,210. These variations are influenced by factors such as property location, home improvements, and local tax rates. The highest and lowest median tax bills in Morse are both $371, which aligns with the zip code 70559. Given that the national median property tax rate is 0.99%, Morse's property tax rates can be considered relatively moderate. For homeowners, understanding these factors is crucial as they directly impact annual tax obligations, potentially affecting overall housing affordability and financial planning.
Average Morse Tax Bill
$371
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Morse, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70559 | $80 | $171 | $371 | $669 | $1,210 |
Source: Ownwell