Empire, Louisiana Property Taxes
The median property tax rate in Empire, 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 Empire, the typical annual property tax bill amounts to $176, significantly below the national median of $2,690. Property taxes in Empire are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Empire'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 Empire or another part of Plaquemines County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Empire, 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 Empire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Empire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Empire 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 Empire, Louisiana
Property taxes in Empire, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Empire is 0.70%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Empire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Empire 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 Empire's effective property tax rate to other regions in Louisiana and the national median. For comparison, the zip code 70050 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Empire 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 Empire 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 Empire, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70050 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Empire, Louisiana
In Empire, 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 Empire, 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. Notably, the highest and lowest median tax bills in Empire are both $176, found in the 70050 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Empire Assessed Value
$25,010
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 Empire, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70050 | $25,010 | $25,010 | $25,010 | $25,010 | $25,010 |
Source: Ownwell
Property Tax Bills Across Empire, Louisiana
In Empire, located in Plaquemines Parish, LA, property tax bills are determined by assessing the market value of a homeowner's property and applying the local tax rate. The median home price in the area stands at $25,010, and homeowners can expect a median tax bill of approximately $176, which is consistent across various percentiles. This tax rate is significantly lower than the national median property tax rate of 0.99%, making it a relatively affordable area for property taxes. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that even if property values rise, the relatively low tax rate helps keep their overall tax burden manageable. The uniformity of the tax bill across different percentiles indicates a stable and predictable property tax environment, which can be a significant advantage for budgeting and financial planning.
Average Empire Tax Bill
$176
Average Plaquemines County Tax Bill
$859
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Empire, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70050 | $176 | $176 | $176 | $176 | $176 |
Source: Ownwell