Sugartown, Louisiana Property Taxes
The median property tax rate in Sugartown, LA is 1.47%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $51,190 in Sugartown, the typical annual property tax bill amounts to $752, which is below the national median of $2,690. Property taxes in Sugartown 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 Sugartown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sugartown 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
Sugartown, 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 Sugartown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sugartown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugartown to provide an estimate of 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 Sugartown, Louisiana
Property taxes in Sugartown, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugartown is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sugartown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugartown 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 Sugartown's effective property tax rate to other areas and the national median. For comparison, the zip code 70662 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these areas compare with Sugartown 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 Sugartown Tax Rate
1.47%
Average Beauregard County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugartown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70662 | 1.47% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Sugartown, Louisiana
In Sugartown, 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'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 Sugartown, 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 Sugartown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, zip code 70662 has a median tax bill of $752, which is representative of the area's property tax landscape.
Average Sugartown Assessed Value
$51,190
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 Sugartown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70662 | $16,900 | $30,000 | $51,190 | $77,970 | $133,160 |
Source: Ownwell
Property Tax Bills Across Sugartown, Louisiana
In Sugartown, Beauregard County, LA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is a percentage of the property's market value. For homeowners in Sugartown, the median home price is $51,190. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the tax bill for the 25th percentile is $441, while it rises to $1,145 for the 75th percentile and reaches $1,958 for the 90th percentile. Compared to the national median property tax rate of 0.99%, Sugartown's tax bills reflect a relatively moderate tax burden. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets more effectively. The highest and lowest median tax bills in the area are both $752, which further illustrates the consistency in property tax assessments within the region.
Average Sugartown Tax Bill
$752
Average Beauregard County Tax Bill
$779
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugartown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70662 | $248 | $441 | $752 | $1,145 | $1,958 |
Source: Ownwell