Braithwaite, Louisiana Property Taxes
The median property tax rate in Braithwaite, LA is 0.70%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Braithwaite, the typical annual property tax bill reaches $398, significantly less than the national median of $2,690. Property taxes in Braithwaite are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Braithwaite'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 Braithwaite 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
Braithwaite, 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 Braithwaite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braithwaite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braithwaite 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 Braithwaite, Louisiana
Property taxes in Braithwaite, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Braithwaite is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Braithwaite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braithwaite 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 Braithwaite's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70040 zip code within Plaquemines Parish has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Braithwaite provides valuable insights into the varying tax landscape across Plaquemines Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Braithwaite Tax Rate
0.70%
Average Plaquemines County Tax Rate
0.70%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braithwaite, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70040 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Braithwaite, Louisiana
In Braithwaite, 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 Plaquemines Parish Assessor's Office 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 Braithwaite, 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 Braithwaite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $56,440, with tax bills ranging from $227 at the 25th percentile to $1,252 at the 90th percentile. The zip code 70040 has the highest and lowest median tax bill at $398.
Average Braithwaite Assessed Value
$56,440
Average Plaquemines County Assessed Value
$121,860
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Braithwaite, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70040 | $17,073 | $32,180 | $56,440 | $110,998 | $177,123 |
Source: Ownwell
Property Tax Bills Across Braithwaite, Louisiana
Property tax bills in Braithwaite, located in Plaquemines Parish, Louisiana, are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value of the home, which for Braithwaite's median home price of $56,440, can result in varying tax bills. For instance, the tax bill at the 25th percentile is $227, while at the 75th percentile, it rises to $782. At the 90th percentile, homeowners may see a tax bill as high as $1,252. These tax bills are influenced by several factors including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Braithwaite's rates can be considered relatively moderate. However, these taxes still significantly impact homeowners, affecting their annual budgets and overall cost of living. Homeowners in the 70040 ZIP code experience a median tax bill of $398, reflecting the consistency in property tax assessments within this area.
Average Braithwaite Tax Bill
$398
Average Plaquemines County Tax Bill
$859
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Braithwaite, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70040 | $120 | $227 | $398 | $782 | $1,252 |
Source: Ownwell