Natchitoches, Louisiana Property Taxes
The median property tax rate in Natchitoches, LA is 0.95%, slightly lower than the national median of 0.99% but higher than the Louisiana state median of 0.91%. With a median home value of $86,400 in Natchitoches, the typical annual property tax bill amounts to $827, which is significantly below the national median of $2,690. Property taxes in Natchitoches are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Natchitoches' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Natchitoches 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
Natchitoches, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$821
Ownwell’s Natchitoches Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Natchitoches with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Natchitoches 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 Natchitoches, Louisiana
Property taxes in Natchitoches, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Natchitoches is 0.95%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Natchitoches set these rates annually, and they can vary significantly across different neighborhoods. Each year, Natchitoches 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 Natchitoches's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71457 has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Natchitoches provides valuable insights into the varying tax landscape across Natchitoches Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Natchitoches Tax Rate
0.95%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Natchitoches, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71457 | 0.93% | 0.95% | 0.95% | 0.96% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Natchitoches, Louisiana
In Natchitoches, 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 local authorities 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 Natchitoches, 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. The median home price in Natchitoches is $86,400, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $332, while the 75th percentile reaches $1,582, and the 90th percentile can go up to $2,479. Notably, the highest and lowest median tax bill in the area is $827, both found in the 71457 zip code. 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 Natchitoches helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Natchitoches Assessed Value
$86,400
Average Natchitoches County Assessed Value
$62,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Natchitoches, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71457 | $12,230 | $33,800 | $86,400 | $166,275 | $260,970 |
Source: Ownwell
Property Tax Bills Across Natchitoches, Louisiana
In Natchitoches, Louisiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in Natchitoches can expect their tax bills to vary significantly; for example, the median home price is $86,400. Tax bills in this area can range widely, with the 25th percentile at $332 and the 75th percentile reaching $1,582, while the 90th percentile can be as high as $2,479. The local property tax rate in this region is influenced by various factors, including local government budgets and the need for public services such as schools and infrastructure. This rate is then applied to the assessed value to determine the final tax bill. For homeowners, this means that understanding the assessed value of their property and the local tax rate is crucial in anticipating their annual property tax obligations. Compared to the national median property tax rate of 0.99%, Natchitoches homeowners experience a diverse range of tax bills, reflecting both the value of their properties and local fiscal policies.
Average Natchitoches Tax Bill
$827
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Natchitoches, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71457 | $124 | $332 | $827 | $1,582 | $2,479 |
Source: Ownwell