Pearl River, Louisiana Property Taxes
The median property tax rate in Pearl River, LA is 0.92%, just slightly above the Louisiana state median of 0.91% but below the national median of 0.99%. With a median home value of $124,450 in Pearl River, the typical annual property tax bill reaches $1,215, which is significantly lower than the national median of $2,690. Property taxes in Pearl River are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pearl River'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 Pearl River 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
Pearl River, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,145
Ownwell’s Pearl River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pearl River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pearl River 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 Pearl River, Louisiana
Property taxes in Pearl River, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pearl River is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pearl River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pearl River 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 Pearl River's effective property tax rate to other areas in St. Tammany Parish and the national median. For comparison, the 70452 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Pearl River provides valuable insights into the varying tax landscape across St. Tammany Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pearl River Tax Rate
0.92%
Average St. Tammany County Tax Rate
0.98%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pearl River, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70452 | 0.21% | 0.58% | 0.92% | 1.27% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Pearl River, Louisiana
In Pearl River, 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. Tammany 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 Pearl River, 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. For example, the zip code 70452 has the highest median tax bill at $1,215, while the same zip code also records the lowest median tax bill at $1,215. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pearl River Assessed Value
$124,450
Average St. Tammany County Assessed Value
$172,720
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pearl River, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70452 | $36,985 | $66,042 | $124,450 | $197,488 | $258,885 |
Source: Ownwell
Property Tax Bills Across Pearl River, Louisiana
In Pearl River, located in St. Tammany Parish, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Pearl River can expect their property tax bills to vary significantly, influenced by factors such as the property's location, size, and condition. For instance, the median home price in Pearl River is $124,450, and the property tax rate in this area determines the tax bill amount. The tax bill for homes in the 25th percentile is approximately $504, while those in the 75th percentile can see bills around $2,141. At the high end, the 90th percentile tax bill reaches up to $3,149. The highest median tax bill in Pearl River is $1,215, which aligns with the national median property tax rate of 0.99%. These varying tax bills impact homeowners by influencing their annual financial obligations, potentially affecting their budgeting and long-term financial planning.
Average Pearl River Tax Bill
$1,215
Average St. Tammany County Tax Bill
$1,777
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Pearl River, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70452 | $156 | $504 | $1,215 | $2,141 | $3,149 |
Source: Ownwell