Jamestown, Louisiana Property Taxes
The median property tax rate in Jamestown, LA is 1.08%, which is higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Jamestown, the typical annual property tax bill reaches $451, significantly lower than the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, 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 Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, Louisiana
Property taxes in Jamestown, Louisiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.08%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71045 zip code has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Jamestown provides valuable insights into the varying tax landscape across Bienville, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.08%
Average Bienville County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71045 | 1.07% | 1.08% | 1.08% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Louisiana
In Jamestown, 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 Bienville 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 Jamestown, 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. In Jamestown, the median home price is $40,154, with tax bills ranging from $222 at the 25th percentile to $1,401 at the 90th percentile. The highest and lowest median tax bill in the area is $451, both in zip code 71045. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamestown Assessed Value
$40,154
Average Bienville County Assessed Value
$40,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71045 | $8,247 | $19,694 | $40,154 | $89,756 | $130,333 |
Source: Ownwell
Property Tax Bills Across Jamestown, Louisiana
In Jamestown, Bienville County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Jamestown can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $222 and the 75th percentile reaching $935. For those in the 90th percentile, the tax bill can be as high as $1,401. Factors considered in determining the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Jamestown's property tax bills reflect a relatively modest burden on homeowners. This variability in tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. The highest and lowest median tax bills in the area are both $451, indicating some consistency in certain parts of the county.
Average Jamestown Tax Bill
$451
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71045 | $95 | $222 | $451 | $935 | $1,401 |
Source: Ownwell