Sterlington, Louisiana Property Taxes
The median property tax rate in Sterlington, LA is 1.00%, slightly higher than the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $189,666 in Sterlington, the typical annual property tax bill amounts to $1,895, which is below the national median of $2,690. Property taxes in Sterlington 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 Sterlington'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 Sterlington or another part of Morehouse Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sterlington, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,897
Ownwell’s Sterlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sterlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterlington 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 Sterlington, Louisiana
Property taxes in Sterlington, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterlington is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Sterlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterlington 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 Sterlington's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71280 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Sterlington provides valuable insights into the varying tax landscape across Morehouse Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sterlington Tax Rate
1.00%
Average Morehouse County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterlington, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71280 | 0.95% | 0.97% | 1.00% | 1.04% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Sterlington, Louisiana
In Sterlington, 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 Sterlington, 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. For instance, the median home price in Sterlington is $189,666, with tax bills ranging from the 25th percentile at $1,447 to the 90th percentile at $3,114. The highest and lowest median tax bills are both $1,895 in the zip code 71280. 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 Sterlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sterlington Assessed Value
$189,666
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 Sterlington, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71280 | $80,363 | $140,162 | $189,666 | $254,856 | $325,876 |
Source: Ownwell
Property Tax Bills Across Sterlington, Louisiana
In Sterlington, located in Morehouse County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $189,666, homeowners can expect varying tax bills depending on their property's specific assessed value and the applicable tax rate. Factors influencing the tax bill include the home's market value, local assessment practices, and any applicable exemptions or deductions. For example, homeowners at the 25th percentile pay around $1,447, while those at the 75th percentile face bills closer to $2,494. The highest median tax bill in the area is $1,895, which is relatively moderate compared to the national median property tax rate of 0.99%. These property taxes significantly impact homeowners, influencing their overall cost of living and long-term financial planning.
Average Sterlington Tax Bill
$1,895
Average Morehouse County Tax Bill
$587
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterlington, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71280 | $902 | $1,447 | $1,895 | $2,494 | $3,114 |
Source: Ownwell