Wilson, Louisiana Property Taxes
The median property tax rate in Wilson, LA is 0.56%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Wilson at $55,300, the typical annual property tax bill is $317, well below the national median of $2,690. Property taxes in Wilson are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wilson'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 Wilson 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
Wilson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$310
Ownwell’s Wilson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilson 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 Wilson, Louisiana
Property taxes in Wilson, Louisiana, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Wilson is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Wilson set these rates annually, and they can vary across different neighborhoods. Each year, Wilson 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 Wilson's effective property tax rate to other areas in East Feliciana Parish and the national median. For comparison, the zip code 70789 has the highest median property tax rate of 0.56%, while also having the lowest median tax rate of 0.56%. Understanding how these areas compare with Wilson provides valuable insights into the varying tax landscape across East Feliciana Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilson Tax Rate
0.56%
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 Wilson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70789 | 0.51% | 0.53% | 0.56% | 0.60% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Wilson, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilson, 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 County Appraisal District 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 Wilson, 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. Notably, the highest and lowest median tax bills in Wilson are both $317, found in the 70789 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilson Assessed Value
$55,300
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 Wilson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70789 | $19,850 | $36,575 | $55,300 | $83,975 | $126,180 |
Source: Ownwell
Property Tax Bills Across Wilson, Louisiana
In Wilson, located in East Feliciana Parish, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Wilson typically see property tax bills ranging from $216 at the 25th percentile to $627 at the 90th percentile. The median tax bill in this area is $317, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, properties in the zip code 70789 have the highest and lowest median tax bills, indicating a uniformity in tax assessments within that area. Lower property tax bills can make homeownership more affordable, but they also mean less revenue for local services like schools and infrastructure. Consequently, homeowners must balance the benefits of lower taxes with the potential impact on community services.
Average Wilson Tax Bill
$317
Average East Feliciana County Tax Bill
$407
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70789 | $137 | $216 | $317 | $445 | $627 |
Source: Ownwell