Bastrop, Louisiana Property Taxes
The median property tax rate in Bastrop, 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 Bastrop at $46,475, the typical annual property tax bill reaches $592, which is below the national median of $2,690. Property taxes in Bastrop 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 Bastrop'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 Bastrop 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
Bastrop, 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 Bastrop Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bastrop with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bastrop to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Bastrop, Louisiana
Property taxes in Bastrop, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bastrop is 1.37%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Bastrop set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bastrop 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 Bastrop's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71220 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Bastrop provides valuable insights into the varying tax landscape across Morehouse, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bastrop Tax Rate
1.37%
Average Morehouse County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bastrop, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71220 | 0.96% | 1.04% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Bastrop, Louisiana
In Bastrop, 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 Morehouse 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 Bastrop, 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. The median home price in Bastrop is $46,475, with tax bills ranging from $278 at the 25th percentile to $1,584 at the 90th percentile. The highest and lowest median tax bills are both $592 in the 71220 zip code. Being aware of these valuation processes in Bastrop helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bastrop Assessed Value
$46,475
Average Morehouse County Assessed Value
$47,417
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bastrop, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71220 | $8,249 | $19,104 | $46,475 | $90,585 | $147,117 |
Source: Ownwell
Property Tax Bills Across Bastrop, Louisiana
In Bastrop, located in Morehouse County, LA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in Bastrop face a median property tax rate of 0.99%, which aligns with the national median. The actual tax bill is influenced by various factors, including the property's location, size, and any applicable exemptions. For instance, in Bastrop, the median home price is $46,475. Homeowners can expect their tax bills to vary widely, with the 25th percentile tax bill at $278 and the 75th percentile reaching up to $1,005. The 90th percentile tax bill can go as high as $1,584. These figures highlight the range of property tax burdens that homeowners might experience. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances effectively.
Average Bastrop Tax Bill
$592
Average Morehouse County Tax Bill
$587
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bastrop, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71220 | $122 | $278 | $592 | $1,005 | $1,584 |
Source: Ownwell