Shreveport, Louisiana Property Taxes
The median property tax rate in Shreveport, LA is 1.37%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Shreveport, the typical annual property tax bill reaches $2,883, exceeding the national median of $2,690. Property taxes in Shreveport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shreveport'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 Shreveport 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
Shreveport, 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 Shreveport Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate annual property taxes in Shreveport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shreveport to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, making financial planning more straightforward. For those interested in more localized insights, additional neighborhood-level information is available below. Your property's assessed value, determined by the county, is crucial for these calculations and considers any applicable exemptions.
Property Tax Rates Across Shreveport, Louisiana
Property taxes in Shreveport, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shreveport is 0.78%, lower than both the Louisiana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Shreveport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shreveport 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 Shreveport's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71115 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Shreveport provides valuable insights into the varying tax landscape across Caddo Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shreveport Tax Rate
1.37%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71115 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Shreveport, Louisiana
In Shreveport, 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 local appraisal district 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 Shreveport, 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 Shreveport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shreveport are both $2,883, found in the 71115 zip code. This uniformity highlights the importance of understanding your property's assessed value and exploring potential exemptions to minimize your tax liability.
Average Shreveport Assessed Value
$210,000
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 Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71115 | $210,000 | $210,000 | $210,000 | $210,000 | $210,000 |
Source: Ownwell
Property Tax Bills Across Shreveport, Louisiana
In Shreveport, Jefferson County, LA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For example, with a median home price of $210,000, homeowners can expect property tax bills around $2,883, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, the home's assessed value, and local tax rates. Homeowners should be aware that higher property taxes can impact their overall housing costs and affordability. In Shreveport, the tax bills are consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $2,883. This uniformity suggests a stable tax environment, but it's essential for homeowners to stay informed about any changes in local tax policies that could affect future tax liabilities.
Average Shreveport Tax Bill
$2,883
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71115 | $2,883 | $2,883 | $2,883 | $2,883 | $2,883 |
Source: Ownwell