Ragley, Louisiana Property Taxes
The median property tax rate in Ragley, LA is 1.31%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ragley at $75,000, the typical annual property tax bill reaches $982, which is below the national median of $2,690. Property taxes in Ragley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ragley'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 Ragley or another part of Beauregard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ragley, 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 Ragley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ragley with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ragley to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-specific information is available. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Ragley, Louisiana
Property taxes in Ragley, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ragley is 0.31%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Ragley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ragley 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 Ragley's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70657 zip code has the highest median property tax rate of 0.31%, while the same zip code also has the lowest median tax rate of 0.31%. Understanding how these cities compare with Ragley provides valuable insights into the varying tax landscape across Beauregard Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ragley Tax Rate
1.31%
Average Beauregard County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Ragley, Louisiana
In Ragley, 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 Beauregard 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 Ragley, 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. The median tax bill in Ragley is $982, with the highest and lowest median tax bills both found in zip code 70657. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ragley Assessed Value
$75,000
Average Beauregard County Assessed Value
$63,850
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | $24,365 | $42,280 | $75,000 | $156,475 | $232,651 |
Source: Ownwell
Property Tax Bills Across Ragley, Louisiana
In Ragley, located in Beauregard Parish, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. For example, with a median home price of $75,000, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Homeowners in Ragley experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $554, while at the 75th percentile, it rises to about $2,049. For those at the 90th percentile, the tax bill can reach up to $3,047. The median property tax rate in Ragley is notably lower than the national median of 0.99%, making it a relatively affordable area for homeowners. This variability in tax bills affects homeowners differently, depending on their property's value and the specific tax rates applied.
Average Ragley Tax Bill
$982
Average Beauregard County Tax Bill
$779
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | $320 | $554 | $982 | $2,049 | $3,047 |
Source: Ownwell