Rayne, Louisiana Property Taxes
The median property tax rate in Rayne, LA is 0.82%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $65,000, the typical annual property tax bill in Rayne amounts to $483, significantly below the national median of $2,690. Property taxes in Rayne 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 Rayne'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 Rayne 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
Rayne, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$533
Ownwell’s Rayne Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rayne with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rayne to project your property tax bill. This valuable tool offers clarity on potential tax obligations. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Rayne, Louisiana
Property taxes in Rayne, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rayne is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Rayne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rayne 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. Understanding how these cities compare with Rayne 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 Rayne Tax Rate
0.82%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rayne, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70578 | 0.66% | 0.72% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Rayne, Louisiana
In Rayne, 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 Rayne, 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 Rayne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rayne is $65,000, with the 25th percentile tax bill at $252 and the 75th percentile at $904. The highest and lowest median tax bill, both at $483, are found in the 70578 zip code.
Average Rayne Assessed Value
$65,000
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 Rayne, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70578 | $15,200 | $33,775 | $65,000 | $122,150 | $188,760 |
Source: Ownwell
Property Tax Bills Across Rayne, Louisiana
In Rayne, located in Acadia Parish, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the market value. The median home price in Rayne is $65,000. Homeowners in Rayne can expect their property tax bills to vary, with the 25th percentile paying around $252 annually, while those in the 75th percentile pay approximately $904. At the 90th percentile, property tax bills can reach up to $1,406. The highest and lowest median tax bills in Rayne are both $483, indicating a consistent tax rate within the zip code 70578. These property tax bills are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions. The local tax rate in Rayne is lower than the national median property tax rate of 0.99%, making it relatively affordable for homeowners. This lower tax burden can positively impact homeowners by reducing their annual expenses, thereby making homeownership more attainable and sustainable.
Average Rayne Tax Bill
$483
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Rayne, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70578 | $112 | $252 | $483 | $904 | $1,406 |
Source: Ownwell