Paulina, Louisiana Property Taxes
The median property tax rate in Paulina, LA is 0.74%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $195,300 in Paulina, the typical annual property tax bill comes to $1,511, significantly below the national median of $2,690. Property taxes in Paulina are calculated based on the tax assessed value, which is generally less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Paulina's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Paulina or another part of St. James County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paulina, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,445
Ownwell’s Paulina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paulina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paulina 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 Paulina, Louisiana
Property taxes in Paulina, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paulina is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Paulina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paulina 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 Paulina's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70763 has the highest median property tax rate of 0.74%, while also being the lowest at 0.74%. Understanding how these areas compare with Paulina provides valuable insights into the varying tax landscape across St. James Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Paulina Tax Rate
0.74%
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 Paulina, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70763 | 0.40% | 0.62% | 0.74% | 0.83% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Paulina, Louisiana
In Paulina, 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 Paulina, 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. For instance, the median home price in Paulina is $195,300, with tax bills ranging from $824 at the 25th percentile to $3,102 at the 90th percentile. The highest and lowest median tax bills are both $1,511 in the zip code 70763. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paulina Assessed Value
$195,300
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 Paulina, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70763 | $44,646 | $90,900 | $195,300 | $274,243 | $346,524 |
Source: Ownwell
Property Tax Bills Across Paulina, Louisiana
In Paulina, located in St. James Parish, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $195,300, the property tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $824 annually, whereas those in the 75th percentile might see bills as high as $2,356. At the 90th percentile, tax bills can reach up to $3,102. The local tax rate in Paulina is influenced by several factors, including funding requirements for public services such as schools and infrastructure. Compared to the national median property tax rate of 0.99%, Paulina's rates reflect the specific needs and budgetary constraints of the area. This variability in tax bills can significantly impact homeowners, affecting their annual budgeting and overall financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax liabilities effectively.
Average Paulina Tax Bill
$1,511
Average St. James County Tax Bill
$749
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Paulina, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70763 | $350 | $824 | $1,511 | $2,356 | $3,102 |
Source: Ownwell