Slaughter, Louisiana Property Taxes
The median property tax rate in Slaughter, LA is 0.53%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $91,900 in Slaughter, the typical annual property tax bill amounts to $485, well below the national median of $2,690. Property taxes in Slaughter 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 Slaughter'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 Slaughter 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
Slaughter, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$487
Ownwell’s Slaughter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slaughter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slaughter 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 Slaughter, Louisiana
Property taxes in Slaughter, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Slaughter is 0.53%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Slaughter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slaughter 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 Slaughter's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70777 has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Slaughter provides valuable insights into the varying tax landscape across East Feliciana, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Slaughter Tax Rate
0.53%
Average East Feliciana County Tax Rate
0.54%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Slaughter, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70777 | 0.50% | 0.51% | 0.53% | 0.56% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Slaughter, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Slaughter, Louisiana. 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 East Feliciana 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 Slaughter, 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 Slaughter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70777 has the highest median tax bill at $485, which is significantly lower than the national median property tax rate of 0.99%.
Average Slaughter Assessed Value
$91,900
Average East Feliciana County Assessed Value
$76,100
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Slaughter, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70777 | $32,000 | $54,975 | $91,900 | $148,275 | $226,650 |
Source: Ownwell
Property Tax Bills Across Slaughter, Louisiana
In Slaughter, East Feliciana, LA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Slaughter is $91,900. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as property location, improvements, and exemptions can influence the final tax bill. For example, homeowners in Slaughter can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $309, while at the 75th percentile, it rises to approximately $755. The highest property tax bill recorded in the area is $1,125. These variations highlight how different factors impact the final amount owed. Compared to the national median property tax rate of 0.99%, Slaughter offers a relatively competitive rate, which can be a financial relief for homeowners. Understanding how these taxes are calculated helps residents better plan their finances and anticipate their annual obligations.
Average Slaughter Tax Bill
$485
Average East Feliciana County Tax Bill
$407
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Slaughter, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70777 | $190 | $309 | $485 | $755 | $1,125 |
Source: Ownwell