Calhoun, Louisiana Property Taxes
The median property tax rate in Calhoun, LA is 0.73%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Calhoun at $240,350, the typical annual property tax bill amounts to $1,766, which is also below the national median of $2,690. Property taxes in Calhoun 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 Calhoun'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 Calhoun 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
Calhoun, 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 Calhoun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calhoun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calhoun 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 Calhoun, Louisiana
Property taxes in Calhoun, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calhoun is 0.73%, lower than the U.S. national median of 0.99%. Local government entities within Calhoun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calhoun 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 Calhoun's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71225 has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with Calhoun provides valuable insights into the varying tax landscape across Jackson Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calhoun Tax Rate
0.73%
Average Jackson County Tax Rate
0.74%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calhoun, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71225 | 0.73% | 0.73% | 0.73% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Calhoun, Louisiana
In Calhoun, 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 Jackson 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 Calhoun, 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 Calhoun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71225 has the highest and lowest median tax bill at $1766.
Average Calhoun Assessed Value
$240,350
Average Jackson County Assessed Value
$44,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calhoun, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71225 | $235,670 | $237,425 | $240,350 | $243,275 | $245,030 |
Source: Ownwell
Property Tax Bills Across Calhoun, Louisiana
In Calhoun, located in Jackson Parish, Louisiana, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, a home with a median price of $240,350 would have its assessed value determined by local assessment rates. The actual tax bill is then calculated by applying the local property tax rate to this assessed value. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by the local government. In Calhoun, the median property tax bill is approximately $1,766, which is relatively close to the national median property tax rate of 0.99%. Homeowners in this area might see their tax bills range from $1,735 at the 25th percentile to $1,816 at the 90th percentile, reflecting variations in property values and assessment practices. This system ensures that property taxes are proportional to the value of the property, impacting homeowners' annual expenses accordingly.
Average Calhoun Tax Bill
$1,766
Average Jackson County Tax Bill
$274
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Calhoun, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71225 | $1,716 | $1,735 | $1,766 | $1,798 | $1,816 |
Source: Ownwell