Convent, Louisiana Property Taxes
The median property tax rate in Convent, LA is 0.76%, 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 Convent at $48,698, the typical annual property tax bill is $378, significantly less than the national median of $2,690. Property taxes in Convent are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Convent'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 Convent or another part of St. James County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Convent, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$370
Ownwell’s CONVENT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CONVENT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CONVENT 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 Convent, Louisiana
Property taxes in Convent, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Convent is 0.76%, lower than the U.S. national median of 0.99%. Local government entities within Convent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Convent 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 Convent's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70723 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Convent provides valuable insights into the varying tax landscape across St. James, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Convent Tax Rate
0.76%
Average St. James County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Convent, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70723 | 0.20% | 0.41% | 0.76% | 1.07% | 1.12% |
| 70743 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Convent, Louisiana
In Convent, 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 St. James 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 Convent, 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 Convent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Convent is $48,698, with the highest median tax bill in zip code 70723 being $378.
Average Convent Assessed Value
$48,698
Average St. James County Assessed Value
$90,899
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Convent, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70723 | $10,000 | $22,671 | $48,849 | $75,000 | $144,609 |
| 70743 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Convent, Louisiana
Property tax bills in Convent, located in St. James Parish, LA, are calculated based on the assessed value of a property, which is a percentage of its market value. In this region, the median home price is $48,698. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, in Convent, the 25th percentile tax bill is $176, while the 75th percentile tax bill is $748. For those in the higher end, the 90th percentile tax bill can reach up to $1,354. Factors such as property location, size, and condition play a significant role in determining the assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Convent may find their tax bills to be relatively moderate. The highest and lowest median tax bills in the area are both $378, indicating a level of consistency in property tax assessments within the zip code 70723. Understanding these factors can help homeowners anticipate their property tax obligations more accurately.
Average Convent Tax Bill
$378
Average St. James County Tax Bill
$749
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Convent, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70723 | $92 | $176 | $378 | $748 | $1,354 |
| 70743 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell