Blanchard, Louisiana Property Taxes
The median property tax rate in Blanchard, LA is 1.81%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Blanchard, the typical annual property tax bill reaches $591, still below the national median of $2,690. Property taxes in Blanchard 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 Blanchard'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 Blanchard 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
Blanchard, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$592
Ownwell’s Blanchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blanchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanchard 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 Blanchard, Louisiana
Property taxes in Blanchard, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanchard is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Blanchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanchard 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 Blanchard's effective property tax rate to other areas and the national median. For comparison, the 71009 zip code has the highest median property tax rate of 1.81%, while the 71009 zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Blanchard provides valuable insights into the varying tax landscape across Caddo Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanchard Tax Rate
1.81%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanchard, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71009 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Blanchard, Louisiana
In Blanchard, 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 Caddo 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 Blanchard, 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 Blanchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 71009 at $591, which is also the lowest median tax bill in the area.
Average Blanchard Assessed Value
$32,683
Average Caddo County Assessed Value
$75,583
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blanchard, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71009 | $32,683 | $32,683 | $32,683 | $32,683 | $32,683 |
Source: Ownwell
Property Tax Bills Across Blanchard, Louisiana
In Blanchard, located in Caddo Parish, Louisiana, 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 typically a percentage of the market value of the property. In this region, the median home price stands at $32,683. Homeowners in Blanchard can expect a median property tax bill of $591, which remains consistent across the 25th, 75th, and 90th percentiles. This uniformity suggests a relatively stable tax environment for property owners. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Blanchard's tax rate offers an affordable option for homeowners. This can significantly impact homeowners by making property ownership more financially manageable, especially when contrasted with areas that have higher property tax rates. As a result, Blanchard provides an appealing option for those looking to minimize their annual property tax expenses.
Average Blanchard Tax Bill
$591
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanchard, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71009 | $591 | $591 | $591 | $591 | $591 |
Source: Ownwell