Venice, Louisiana Property Taxes
The median property tax rate in Venice, Louisiana is 0.70%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $62,270 in Venice, the typical annual property tax bill is $439, significantly below the national median of $2,690. Property taxes in Venice are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Venice's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Venice or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Venice, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$436
Ownwell’s Venice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Venice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Venice 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 Venice, Louisiana
Property taxes in Venice, Louisiana, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Venice is 0.70%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Venice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Venice 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 Venice's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70091 has both the highest and lowest median property tax rate of 0.70%, highlighting the uniformity in tax rates within this region. Understanding how these areas compare with Venice 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 Venice 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 Venice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70091 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Venice, Louisiana
In Venice, 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 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 Venice, 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. For instance, the zip code 70091 has the highest and lowest median tax bill of $439. Being aware of these valuation processes in Venice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Venice Assessed Value
$62,270
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 Venice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70091 | $13,431 | $21,132 | $62,270 | $250,235 | $333,790 |
Source: Ownwell
Property Tax Bills Across Venice, Louisiana
In Venice, located in Plaquemines Parish, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Venice is $62,270, which, when combined with the local tax rate, results in varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $149, while those in the 75th percentile see bills closer to $1,763. At the 90th percentile, tax bills can reach up to $2,352. These property taxes directly impact homeowners by influencing their annual expenses and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Venice's property tax rates offer a unique perspective on how local factors shape tax obligations.
Average Venice Tax Bill
$439
Average Plaquemines County Tax Bill
$859
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Venice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70091 | $95 | $149 | $439 | $1,763 | $2,352 |
Source: Ownwell