Washington, Louisiana Property Taxes
The median property tax rate in Washington, LA is 0.68%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $108,000 in Washington, the typical annual property tax bill is approximately $737, which is well below the national median of $2,690. Property taxes in Washington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Washington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Washington or another part of Evangeline County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washington, 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 Washington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washington 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 Washington, Louisiana
Property taxes in Washington, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington is 0.68%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington 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 Washington's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70589 has both the highest and lowest median property tax rate in the county, standing at 0.68%. Understanding how these areas compare with Washington provides valuable insights into the varying tax landscape across Evangeline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washington Tax Rate
0.68%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70589 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Washington, Louisiana
In Washington, 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 Washington, 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 Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 70589 zip code, the median tax bill is $737.00, reflecting the highest and lowest median tax bills in the area.
Average Washington Assessed Value
$108,000
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 Washington, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70589 | $34,080 | $85,000 | $108,000 | $183,000 | $270,880 |
Source: Ownwell
Property Tax Bills Across Washington, Louisiana
In Washington, located in Evangeline Parish, LA, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. Assessors determine this value by evaluating comparable sales and other market factors. The tax rate is then applied to the assessed value to determine the annual tax bill. For instance, with a median home price of $108,000, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $580, while the 75th percentile reaches approximately $1,248, and the 90th percentile can be as high as $1,848. These figures show a range of what homeowners might pay, reflecting differences in property values and specific assessment details. Compared to the national median property tax rate of 0.99%, these local rates can have a considerable impact on homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial responsibilities and manage their budgets more effectively.
Average Washington Tax Bill
$737
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70589 | $232 | $580 | $737 | $1,248 | $1,848 |
Source: Ownwell