Jena, Louisiana Property Taxes
The median property tax rate in Jena, LA is 1.45%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Jena at $64,830, the typical annual property tax bill amounts to $940, which is still below the national median of $2,690. Property taxes in Jena are calculated based on the tax assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jena'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 Jena 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
Jena, 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 Jena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jena 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 Jena, Louisiana
Property taxes in Jena, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jena is 0.21%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Jena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jena 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 Jena's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71342 zip code has the highest median property tax rate of 0.21%, while the lowest median tax rate is also 0.21%. Understanding how these cities compare with Jena provides valuable insights into the varying tax landscape across La Salle Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jena Tax Rate
1.45%
Average La Salle County Tax Rate
1.48%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jena, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71342 | 1.36% | 1.37% | 1.45% | 1.53% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Jena, Louisiana
In Jena, 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 La Salle 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 Jena, 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 Jena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jena is $64,830, with tax bills ranging from $465 at the 25th percentile to $2,435 at the 90th percentile. The highest and lowest median tax bills both occur in the 71342 zip code, at $940.
Average Jena Assessed Value
$64,830
Average La Salle County Assessed Value
$57,405
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jena, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71342 | $13,000 | $31,300 | $64,830 | $103,950 | $173,500 |
Source: Ownwell
Property Tax Bills Across Jena, Louisiana
In Jena, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within La Salle County, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Jena, the tax bill can vary widely. For instance, the 25th percentile tax bill is $465, while the 75th percentile tax bill rises to $1,492, and the 90th percentile tax bill can reach as high as $2,435. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Jena's property tax rates can significantly impact homeowners' annual expenses, depending on their property's assessed value and applicable exemptions.
Average Jena Tax Bill
$940
Average La Salle County Tax Bill
$844
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jena, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71342 | $200 | $465 | $940 | $1,492 | $2,435 |
Source: Ownwell