Provencal, Louisiana Property Taxes
The median property tax rate in Provencal, LA is 1.27%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Provencal at $41,500, the typical annual property tax bill reaches $460, which is below the national median of $2,690. Property taxes in Provencal 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 Provencal'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 Provencal or another part of Natchitoches County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Provencal, 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 Provencal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Provencal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Provencal 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 Provencal, Louisiana
Property taxes in Provencal, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Provencal is 1.27%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Provencal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Provencal 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 Provencal's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71468 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Provencal 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 Provencal Tax Rate
1.27%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Provencal, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71468 | 0.87% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Provencal, Louisiana
In Provencal, 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 Provencal, 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 Provencal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Provencal is $41,500, with median tax bills ranging from $190 at the 25th percentile to $1,294 at the 90th percentile. The zip code 71468 has the highest and lowest median tax bill at $460.
Average Provencal Assessed Value
$41,500
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 Provencal, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71468 | $8,520 | $15,000 | $41,500 | $74,500 | $105,280 |
Source: Ownwell
Property Tax Bills Across Provencal, Louisiana
In Provencal, located in Natchitoches County, Louisiana, property tax bills are calculated based on the assessed value of your property, which is typically a percentage of the market value. Homeowners in this region experience a median home price of $41,500. The property tax rate in Louisiana is generally lower than the national median of 0.99%. Factors influencing the tax bill include the assessed property value and the local tax rate. For example, the 25th percentile tax bill is around $190, while the 75th percentile tax bill is approximately $913. For those at the 90th percentile, the tax bill can reach up to $1,294. Homeowners in the zip code 71468 see a median tax bill of $460, which stands as both the highest and lowest median tax bill in the area. The property tax bill impacts homeowners by contributing to local services such as schools, infrastructure, and public safety, making it a crucial aspect of homeownership in Provencal.
Average Provencal Tax Bill
$460
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Provencal, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71468 | $98 | $190 | $460 | $913 | $1,294 |
Source: Ownwell