Vivian, Louisiana Property Taxes
The median property tax rate in Vivian, LA is 1.90%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Vivian, the typical annual property tax bill reaches $712, which is notably lower than the national median of $2,690. Property taxes in Vivian 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 Vivian'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 Vivian 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
Vivian, 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 Vivian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vivian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vivian 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 Vivian, Louisiana
Property taxes in Vivian, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vivian is 1.90%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Vivian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vivian 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 Vivian's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71082 zip code has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with Vivian 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 Vivian Tax Rate
1.90%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vivian, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71082 | 1.63% | 1.78% | 1.90% | 2.09% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Vivian, Louisiana
In Vivian, 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 Vivian, 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 Vivian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Vivian is $37,500, with tax bills ranging from $393 at the 25th percentile to $1,938 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 71082, standing at $712.
Average Vivian Assessed Value
$37,500
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 Vivian, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71082 | $6,042 | $19,335 | $37,500 | $65,666 | $115,547 |
Source: Ownwell
Property Tax Bills Across Vivian, Louisiana
In Vivian, 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. For homeowners in Vivian, the median home price is $37,500. Property tax rates in Vivian are applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Vivian, the 25th percentile tax bill is $393, while the 75th percentile tax bill is $1,165, and the 90th percentile tax bill reaches up to $1,938. This range shows how property taxes can vary significantly based on individual property assessments. Compared to the national median property tax rate of 0.99%, Vivian's rates reflect the local economic conditions and property values, impacting homeowners differently depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Vivian Tax Bill
$712
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Vivian, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71082 | $173 | $393 | $712 | $1,165 | $1,938 |
Source: Ownwell