Plaquemine, Louisiana Property Taxes
The median property tax rate in Plaquemine, LA is 1.03%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $73,400 in Plaquemine, the typical annual property tax bill amounts to $783, which is significantly lower than the national median of $2,690. Property taxes in Plaquemine are calculated based on the tax assessed value, which often falls below market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Plaquemine'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 Plaquemine 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
Plaquemine, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$756
Ownwell’s PLAQUEMINE Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in PLAQUEMINE using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in PLAQUEMINE to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Plaquemine, Louisiana
Property taxes in Plaquemine, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plaquemine is 1.03%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Plaquemine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plaquemine 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 Plaquemine's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70764 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Plaquemine provides valuable insights into the varying tax landscape across Iberville Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plaquemine Tax Rate
1.03%
Average Iberville County Tax Rate
1.07%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plaquemine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70764 | 1.03% | 1.03% | 1.03% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Plaquemine, Louisiana
In Plaquemine, 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 Iberville 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 Plaquemine, 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 Plaquemine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $73,400, with the highest and lowest median tax bills both being $783 in the 70764 zip code.
Average Plaquemine Assessed Value
$73,400
Average Iberville County Assessed Value
$73,600
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plaquemine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70764 | $18,700 | $36,500 | $73,400 | $132,100 | $207,380 |
Source: Ownwell
Property Tax Bills Across Plaquemine, Louisiana
In Plaquemine, Iberville County, LA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $73,400, the tax bill can vary significantly. Homeowners in the 25th percentile might see a tax bill around $399, while those in the 75th percentile could face a bill of $1,418. At the 90th percentile, the tax bill can reach up to $2,224. These figures are influenced by factors such as changes in property values, local government budgets, and tax rates. The median property tax bill in Plaquemine is $783, which is relatively low compared to the national median property tax rate of 0.99%. This affects homeowners by providing a more manageable tax burden, making Plaquemine an attractive place for property investment. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Plaquemine Tax Bill
$783
Average Iberville County Tax Bill
$788
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Plaquemine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70764 | $202 | $399 | $783 | $1,418 | $2,224 |
Source: Ownwell