Keatchie, Louisiana Property Taxes
The median property tax rate in Keatchie, LA is 2.00%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Keatchie, the typical annual property tax bill reaches $746, which is below the national median of $2,690. Property taxes in Keatchie 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 Keatchie'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 Keatchie 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
Keatchie, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$711
Ownwell’s Keatchie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keatchie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keatchie 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 Keatchie, Louisiana
Property taxes in Keatchie, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keatchie is 2.00%, significantly higher than the U.S. national median of 0.99%. Local government entities within Keatchie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keatchie 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 Keatchie's effective property tax rate to other regions in Louisiana and the national median. For comparison, the 71046 zip code has the highest median property tax rate of 2.00%, while the same 71046 zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Keatchie 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 Keatchie Tax Rate
2.00%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keatchie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71046 | 1.65% | 1.76% | 2.00% | 2.36% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Keatchie, Louisiana
In Keatchie, 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 Keatchie, 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. For instance, the median home price is $35,544, with tax bills ranging from $495 at the 25th percentile to $2,766 at the 90th percentile. 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 Keatchie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Keatchie Assessed Value
$35,544
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 Keatchie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71046 | $12,991 | $19,660 | $35,544 | $78,952 | $164,555 |
Source: Ownwell
Property Tax Bills Across Keatchie, Louisiana
In Keatchie, located in Caddo Parish, 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 Keatchie experience a range of property tax bills, with the 25th percentile paying around $495 and the 75th percentile paying approximately $1,458. The highest tax bills can reach up to $2,766, which can significantly impact household budgets. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, exemptions for primary residences or for veterans can reduce the taxable value, thereby lowering the tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Keatchie may find their tax rates relatively manageable, yet the variation in tax bills highlights the importance of understanding how local assessments and exemptions apply. This knowledge can help homeowners better anticipate their annual property tax obligations.
Average Keatchie Tax Bill
$746
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Keatchie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71046 | $264 | $495 | $746 | $1,458 | $2,766 |
Source: Ownwell