Berwick, Louisiana Property Taxes
The median property tax rate in Berwick, LA is 0.93%, slightly below the national median of 0.99% but higher than the Louisiana state median of 0.91%. With the median home value in Berwick at $75,640, the typical annual property tax bill is $703, which is considerably lower than the national median of $2,690. Property taxes in Berwick are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Berwick'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 Berwick or another part of St. Mary County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berwick, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$703
Ownwell’s Berwick Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Berwick, LA with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Berwick to project your property tax bill. This tool provides clarity on potential tax liabilities, aiding in financial planning. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Berwick, Louisiana
Property taxes in Berwick, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berwick is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Berwick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berwick 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 Berwick's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70342 in St. Mary County has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these areas compare with Berwick provides valuable insights into the varying tax landscape across St. Mary County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berwick Tax Rate
0.93%
Average St. Mary County Tax Rate
1.12%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berwick, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70342 | 0.93% | 0.93% | 0.93% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Berwick, Louisiana
In Berwick, 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. Mary County Appraisal District 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 Berwick, 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 Berwick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 70342, with a median tax bill of $703.
Average Berwick Assessed Value
$75,640
Average St. Mary County Assessed Value
$58,475
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berwick, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70342 | $10,240 | $32,255 | $75,640 | $166,508 | $312,650 |
Source: Ownwell
Property Tax Bills Across Berwick, Louisiana
In Berwick, located in St. Mary County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is a percentage of the home's market value, and the tax rate is applied to this assessed value. Homeowners in Berwick experience a range of property tax bills, with the 25th percentile at $305 and the 75th percentile reaching $1,548. The 90th percentile can see tax bills as high as $2,905. Several factors influence the final tax bill, including the home's location, market value, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $703, recorded in the 70342 zip code. These property taxes directly impact homeowners by affecting their annual housing costs and potentially influencing decisions on home improvements, sales, and purchases. Compared to the national median property tax rate of 0.99%, Berwick's property taxes reflect local economic conditions and funding requirements for public services.
Average Berwick Tax Bill
$703
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Berwick, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70342 | $101 | $305 | $703 | $1,548 | $2,905 |
Source: Ownwell