Pelican, Louisiana Property Taxes
The median property tax rate in Pelican, LA is 1.02%, slightly higher than the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Pelican, the typical annual property tax bill reaches $137, which is significantly lower than the national median of $2,690. Property taxes in Pelican are calculated based on the tax assessed value, which typically falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pelican’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 Pelican 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
Pelican, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$138
Ownwell’s Pelican Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelican with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelican 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 Pelican, Louisiana
Property taxes in Pelican, Louisiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelican is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Pelican set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelican 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 Pelican's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71063 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Pelican provides valuable insights into the varying tax landscape across Natchitoches, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pelican Tax Rate
1.02%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pelican, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71063 | 1.01% | 1.01% | 1.02% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Pelican, Louisiana
In Pelican, 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 Natchitoches 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 Pelican, 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 Pelican is $13,500, with property tax bills ranging from $130 at the 25th percentile to $149 at the 90th percentile. The zip code with the highest and lowest median tax bill is 71063, both at $137. 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 Pelican helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pelican Assessed Value
$13,500
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 Pelican, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71063 | $12,300 | $12,750 | $13,500 | $14,250 | $14,700 |
Source: Ownwell
Property Tax Bills Across Pelican, Louisiana
In the city of Pelican, located in Natchitoches County, LA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor, who evaluates the market value of the property and applies an assessment ratio. This ratio is typically a percentage of the market value, which results in the assessed value used for tax purposes. Homeowners in Pelican can expect their property tax bills to vary within certain ranges. For instance, the tax bill at the 25th percentile is around $130, while at the 75th percentile, it reaches approximately $145. At the 90th percentile, it is about $149. These figures highlight the relatively low property tax burden in Pelican compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value and, consequently, the property tax bill. For homeowners, understanding these factors is crucial as they directly impact the annual tax obligation.
Average Pelican Tax Bill
$137
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelican, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71063 | $126 | $130 | $137 | $145 | $149 |
Source: Ownwell