Turkey Creek, Louisiana Property Taxes
The median property tax rate in Turkey Creek, LA is 0.82%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Turkey Creek at $75,000, the typical annual property tax bill comes to $612, significantly below the national median of $2,690. Property taxes in Turkey Creek are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Turkey Creek'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 Turkey Creek 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
Turkey Creek, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$615
Ownwell’s Turkey Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turkey Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turkey Creek 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 Turkey Creek, Louisiana
Property taxes in Turkey Creek, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turkey Creek is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Turkey Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turkey Creek 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 Turkey Creek's effective property tax rate to other areas in Louisiana and the national median. For comparison, the highest and lowest median property tax rates in Evangeline Parish are both 0.82%, found in the 70585 zip code. Understanding how these areas compare with Turkey Creek 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 Turkey Creek Tax Rate
0.82%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turkey Creek, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70585 | 0.79% | 0.80% | 0.82% | 0.83% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Turkey Creek, Louisiana
In Turkey Creek, 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 Turkey Creek, 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 Turkey Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70585 has both the highest and lowest median tax bills, each at $612.
Average Turkey Creek Assessed Value
$75,000
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 Turkey Creek, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70585 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 |
Source: Ownwell
Property Tax Bills Across Turkey Creek, Louisiana
Property tax bills in Turkey Creek, located in Evangeline Parish, Louisiana, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if the median home price is $75,000, the assessed value would be a portion of this amount, determined by local assessment rules. The tax rate is then applied to this assessed value to calculate the annual tax bill. In Turkey Creek, the median tax bill is around $612, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in this area can expect tax bills ranging from $600 at the 25th percentile to $632 at the 90th percentile. These property tax bills help fund local services such as schools, infrastructure, and emergency services. Lower property taxes can make homeownership more affordable, but they also mean that local governments have less revenue to provide these essential services.
Average Turkey Creek Tax Bill
$612
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Turkey Creek, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70585 | $593 | $600 | $612 | $625 | $632 |
Source: Ownwell