Ridgecrest, Louisiana Property Taxes
The median property tax rate in Ridgecrest, LA is 1.04%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ridgecrest at $31,700, the typical annual property tax bill amounts to $331, which is significantly lower than the national median of $2,690. Property taxes in Ridgecrest 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 Ridgecrest'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 Ridgecrest or another part of Concordia Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ridgecrest, 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 Ridgecrest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgecrest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgecrest 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 Ridgecrest, Louisiana
Property taxes in Ridgecrest, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgecrest is 0.85%, lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Ridgecrest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgecrest 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 Ridgecrest's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71334 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Ridgecrest provides valuable insights into the varying tax landscape across Concordia Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgecrest Tax Rate
1.04%
Average Concordia County Tax Rate
1.05%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgecrest, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71334 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Ridgecrest, Louisiana
In Ridgecrest, 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 Concordia 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 Ridgecrest, 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 Ridgecrest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 71334 has both the highest and lowest median tax bills, valued at $331.
Average Ridgecrest Assessed Value
$31,700
Average Concordia County Assessed Value
$41,300
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgecrest, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71334 | $19,900 | $27,400 | $31,700 | $38,900 | $53,900 |
Source: Ownwell
Property Tax Bills Across Ridgecrest, Louisiana
In Ridgecrest, Concordia County, LA, property tax bills are determined based on the assessed value of a home, which is a fraction of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, the median home price in Ridgecrest is $31,700. The tax bills in this area can vary significantly, with the 25th percentile at $286, the 75th percentile at $410, and the 90th percentile reaching $571. Several factors influence the property tax bill, including changes in the home’s market value, local tax rate adjustments, and any applicable exemptions. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting homeowners. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates measure up. In Ridgecrest, the median tax bill stands at $331, reflecting the localized economic conditions and municipal funding requirements.
Average Ridgecrest Tax Bill
$331
Average Concordia County Tax Bill
$467
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgecrest, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71334 | $211 | $286 | $331 | $410 | $571 |
Source: Ownwell