Pine Grove, Louisiana Property Taxes
The median property tax rate in Pine Grove, LA is 0.97%, slightly below the national median of 0.99% but higher than the Louisiana state median of 0.91%. With a median home value of $65,500 in Pine Grove, the typical annual property tax bill amounts to $635, which is significantly lower than the national median of $2,690. Property taxes in Pine Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pine Grove'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 Pine Grove or another part of Livingston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Grove, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$635
Ownwell’s Pine Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Grove 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 Pine Grove, Louisiana
Property taxes in Pine Grove, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Grove is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pine Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Grove 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 Pine Grove's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70453 zip code has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Pine Grove provides valuable insights into the varying tax landscape across Livingston Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Grove Tax Rate
0.97%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Grove, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70453 | 0.89% | 0.97% | 0.97% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Pine Grove, Louisiana
In Pine Grove, 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 Livingston 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 Pine Grove, 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 Pine Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 70453, with a tax bill of $635.
Average Pine Grove Assessed Value
$65,500
Average Livingston County Assessed Value
$123,300
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Grove, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70453 | $17,660 | $40,050 | $65,500 | $149,250 | $208,120 |
Source: Ownwell
Property Tax Bills Across Pine Grove, Louisiana
In Pine Grove, Livingston County, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Pine Grove is $65,500. Property tax rates are applied to this assessed value to determine the final tax bill. For example, homeowners in the 25th percentile pay around $425 annually, while those in the 75th percentile face a tax bill of approximately $1,457. The highest tax bills, at the 90th percentile, can reach up to $1,965. Various factors influence these property tax bills, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Pine Grove's rates may vary, affecting how much residents ultimately pay each year. Proper understanding of these factors can help homeowners manage their expenses more effectively.
Average Pine Grove Tax Bill
$635
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Grove, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70453 | $171 | $425 | $635 | $1,457 | $1,965 |
Source: Ownwell