Morganza, Louisiana Property Taxes
The median property tax rate in Morganza, LA is 0.64%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Morganza, the typical annual property tax bill reaches $448, which is significantly below the national median of $2,690. Property taxes in Morganza 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 Morganza'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 Morganza 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
Morganza, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$449
Ownwell’s Morganza Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morganza with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morganza 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 Morganza, Louisiana
Property taxes in Morganza, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morganza is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Morganza set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morganza 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 Morganza's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70759 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Morganza provides valuable insights into the varying tax landscape across Pointe Coupee, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morganza Tax Rate
0.64%
Average Pointe Coupee County Tax Rate
0.65%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morganza, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70759 | 0.61% | 0.61% | 0.64% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Morganza, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Morganza, Louisiana. 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 Pointe Coupee 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. 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 example, the highest median tax bill in Morganza is $448 in the 70759 zip code, while the lowest median tax bill is also $448 in the same 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 Morganza Assessed Value
$70,200
Average Pointe Coupee County Assessed Value
$86,100
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morganza, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70759 | $15,670 | $34,925 | $70,200 | $111,350 | $181,874 |
Source: Ownwell
Property Tax Bills Across Morganza, Louisiana
In Morganza, Pointe Coupee Parish, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Morganza is $70,200. Various factors such as property size, location, and improvements can influence this assessed value. Once assessed, the property tax rate, which is set by local taxing authorities, is applied to determine the tax bill. For homeowners in Morganza, the property tax rate can significantly impact their annual expenses. For instance, the tax bill for the 25th percentile is $230, while the 75th percentile sees a tax bill of $727. At the 90th percentile, the tax bill can go up to $1,178. The highest median tax bill recorded in the area is $448, which is relatively lower compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual financial obligations related to property taxes.
Average Morganza Tax Bill
$448
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Morganza, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70759 | $100 | $230 | $448 | $727 | $1,178 |
Source: Ownwell