Gretna, Louisiana Property Taxes
The median property tax rate in Gretna, LA is 0.91%, slightly below the national median of 0.99% and matching the Louisiana state median of 0.91%. With a median home value of $127,500 in Gretna, the typical annual property tax bill amounts to $1,182, which is lower than the national median of $2,690. Property taxes in Gretna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gretna'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 Gretna 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
Gretna, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,160
Ownwell’s Gretna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gretna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gretna 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 Gretna, Louisiana
Property taxes in Gretna, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gretna is 0.91%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Gretna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gretna 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 Gretna's effective property tax rate to other areas in Jefferson Parish and the national median. For comparison, the 70053 zip code has the highest median property tax rate of 1.19%, while the 70056 zip code has the lowest median tax rate of 0.71%. Understanding how these areas compare with Gretna provides valuable insights into the varying tax landscape across Jefferson Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gretna Tax Rate
0.91%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gretna, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70053 | 0.60% | 0.87% | 1.19% | 1.43% | 1.43% |
| 70056 | 0.32% | 0.50% | 0.71% | 1.27% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Gretna, Louisiana
In Gretna, 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 Jefferson Parish Assessor's Office 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 Gretna, 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 Gretna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,290 in zip code 70053, while the lowest is $1,087 in zip code 70056.
Average Gretna Assessed Value
$127,500
Average Jefferson County Assessed Value
$136,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gretna, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70053 | $55,700 | $80,000 | $106,400 | $159,875 | $235,000 |
| 70056 | $85,560 | $104,500 | $136,000 | $188,100 | $260,140 |
Source: Ownwell
Property Tax Bills Across Gretna, Louisiana
In Gretna, Jefferson Parish, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Gretna is $127,500, and the property tax rate is applied to this assessed value to determine your tax bill. Factors like location, property size, and local tax rates influence the final amount. For instance, homeowners in the 25th percentile can expect a tax bill around $672, while those in the 75th percentile might see a bill closer to $1,913. At the higher end, in the 90th percentile, tax bills can reach up to $3,289. The highest median tax bill in the area is $1,290, found in the 70053 zip code, while the lowest median tax bill is $1,087 in the 70056 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in Gretna. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Gretna Tax Bill
$1,182
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Gretna, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70053 | $442 | $835 | $1,290 | $1,960 | $2,974 |
| 70056 | $319 | $610 | $1,087 | $1,877 | $3,808 |
Source: Ownwell