Cypremort Point, Louisiana Property Taxes
The median property tax rate in Cypremort Point, LA is 1.19%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $107,210 in Cypremort Point, the typical annual property tax bill reaches $1,274, which is below the national median of $2,690. Property taxes in Cypremort Point 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 Cypremort Point'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 Cypremort Point 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
Cypremort Point, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,276
Ownwell’s Cypremort Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cypremort Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cypremort Point 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 Cypremort Point, Louisiana
Property taxes in Cypremort Point, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cypremort Point is 1.19%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Cypremort Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cypremort Point 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 Cypremort Point's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70538 zip code has the highest median property tax rate of 1.19%, while the 70538 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Cypremort Point provides valuable insights into the varying tax landscape across St. Mary Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cypremort Point Tax Rate
1.19%
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 Cypremort Point, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70538 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Cypremort Point, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cypremort Point, 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 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 Cypremort Point, 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. The highest median tax bill in Cypremort Point is $1,274, found in zip code 70538, while the lowest median tax bill is also $1,274 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.
Property Tax Assessment Values Across Cypremort Point, Louisiana
Source: Ownwell
$10,640
$58,925
$107,210
Average Cypremort Point Assessed Value
$107,210
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 Cypremort Point, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70538 | $89,962 | $96,430 | $107,210 | $329,785 | $463,330 |
Source: Ownwell
Property Tax Bills Across Cypremort Point, Louisiana
In Cypremort Point, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $107,210, the assessed value forms the basis for calculating the tax bill. The local tax rate is then applied to this assessed value to determine the final tax obligation. Various factors influence this calculation, including property location, local tax rates, and any applicable exemptions. Homeowners in Cypremort Point can expect a range of tax bills. At the 25th percentile, the tax bill is around $1,146, while at the 75th percentile, it rises to approximately $3,919. The 90th percentile sees tax bills as high as $5,506. These figures illustrate the variability in tax burdens depending on property values and exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in this region can significantly impact homeowners, influencing their overall financial planning and property investment decisions.
Average Cypremort Point Tax Bill
$1,274
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Cypremort Point, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70538 | $1,069 | $1,146 | $1,274 | $3,919 | $5,506 |
Source: Ownwell