Mamou, Louisiana Property Taxes
The median property tax rate in Mamou, LA is 0.75%, lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $55,000 in Mamou, the typical annual property tax bill amounts to $414, which is significantly below the national median of $2,690. Property taxes in Mamou are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mamou'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 Mamou or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mamou, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$413
Ownwell’s Mamou Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mamou with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mamou 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 Mamou, Louisiana
Property taxes in Mamou, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mamou is 0.75%, lower than the U.S. national median of 0.99%. Local government entities within Mamou set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mamou 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 Mamou's effective property tax rate to other areas in Evangeline Parish and the national median. For comparison, the 70554 zip code has the same median property tax rate of 0.75%. Understanding how these cities compare with Mamou provides valuable insights into the varying tax landscape across Evangeline Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mamou Tax Rate
0.75%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mamou, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70554 | 0.69% | 0.72% | 0.75% | 0.75% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Mamou, Louisiana
In Mamou, 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 Evangeline 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 Mamou, 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. For example, the median home price in Mamou is $55,000, with tax bills ranging from $218 at the 25th percentile to $1,143 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mamou Assessed Value
$55,000
Average Evangeline County Assessed Value
$60,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mamou, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70554 | $19,000 | $29,000 | $55,000 | $87,000 | $158,320 |
Source: Ownwell
Property Tax Bills Across Mamou, Louisiana
In Mamou, Evangeline County, LA, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Mamou is $55,000. Local tax authorities apply a specific tax rate to this assessed value to determine the annual tax bill. For instance, the tax bill at the 25th percentile is $218, while at the 75th percentile, it rises to $658. The 90th percentile tax bill can go up to $1,143. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Mamou may find their tax bills relatively manageable. However, higher valuations or changes in tax rates can significantly impact the overall tax burden. Understanding these factors helps homeowners better anticipate their annual property tax obligations and manage their finances more effectively.
Average Mamou Tax Bill
$414
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mamou, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70554 | $143 | $218 | $414 | $658 | $1,143 |
Source: Ownwell