Jeanerette, Louisiana Property Taxes
The median property tax rate in Jeanerette, LA is 1.37%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Jeanerette at $37,095, the typical annual property tax bill reaches $512, which is significantly lower than the national median of $2,690. Property taxes in Jeanerette 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 Jeanerette'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 Jeanerette 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
Jeanerette, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$508
Ownwell’s Jeanerette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeanerette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeanerette 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 Jeanerette, Louisiana
Property taxes in Jeanerette, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeanerette is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jeanerette set these rates annually, and they can vary across different neighborhoods. Each year, Jeanerette 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. Understanding how Jeanerette's effective property tax rate compares with other areas 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 Jeanerette Tax Rate
1.37%
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 Jeanerette, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70544 | 1.27% | 1.27% | 1.37% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Jeanerette, Louisiana
In Jeanerette, 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 Parish Assessor's Office 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 in Jeanerette 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 Jeanerette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Jeanerette is 70544, with a median tax bill of $512.
Average Jeanerette Assessed Value
$37,095
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 Jeanerette, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70544 | $5,635 | $12,800 | $37,095 | $83,735 | $142,715 |
Source: Ownwell
Property Tax Bills Across Jeanerette, Louisiana
Property tax bills in Jeanerette, located in St. Mary Parish, Louisiana, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is typically a percentage of the market value of the home. In Jeanerette, the median home price stands at $37,095. Property tax rates are then applied to this assessed value to generate the annual tax bill. For homeowners in Jeanerette, tax bills can vary significantly. The 25th percentile tax bill is around $175, while the 75th percentile tax bill reaches $1,151. At the higher end, the 90th percentile tax bill is approximately $1,947. These figures highlight the range of property tax burdens that homeowners might face, depending on their property's assessed value and applicable exemptions. Comparatively, the highest and lowest median tax bills in the area are both $512, based on the zip code 70544. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Jeanerette Tax Bill
$512
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeanerette, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70544 | $77 | $175 | $512 | $1,151 | $1,947 |
Source: Ownwell