Jonesboro, Louisiana Property Taxes
The median property tax rate in Jonesboro, LA is 0.74%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $43,100 in Jonesboro, the typical annual property tax bill is $265, significantly below the national median of $2,690. Property taxes in Jonesboro are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Jonesboro'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 Jonesboro or another part of Jackson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesboro, 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 Jonesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesboro 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 Jonesboro, Louisiana
Property taxes in Jonesboro, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesboro is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Jonesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesboro 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 Jonesboro's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 71251 has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Jonesboro provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesboro Tax Rate
0.74%
Average Jackson County Tax Rate
0.74%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesboro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71251 | 0.17% | 0.17% | 0.74% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Jonesboro, Louisiana
In Jonesboro, 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 Jonesboro, 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 Jonesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $265, found in the 71251 zip code.
Average Jonesboro Assessed Value
$43,100
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 Jonesboro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71251 | $12,200 | $24,300 | $43,100 | $83,950 | $154,300 |
Source: Ownwell
Property Tax Bills Across Jonesboro, Louisiana
In Jonesboro, Jackson County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Jonesboro stands at $43,100, and the property tax rate is applied to this value to determine the tax bill. Factors such as property improvements, location, and market conditions are taken into account during the assessment process. Homeowners in Jonesboro can expect varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is $91, while at the 75th percentile, it rises to $570. For those at the 90th percentile, the tax bill reaches $1,267. The highest median tax bill in the area is $265, a figure that is considerably lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable, but it also means that local services and infrastructure might receive less funding.
Average Jonesboro Tax Bill
$265
Average Jackson County Tax Bill
$274
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesboro, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71251 | $51 | $91 | $265 | $570 | $1,267 |
Source: Ownwell