Leesville, Louisiana Property Taxes
The median property tax rate in Leesville, LA is 1.15%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Leesville at $56,800, the typical annual property tax bill reaches $673, which is below the national median of $2,690. Property taxes in Leesville 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 Leesville'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 Leesville 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
Leesville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$653
Ownwell’s Leesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leesville 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 Leesville, Louisiana
Property taxes in Leesville, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesville is 0.38%, significantly lower than both the Louisiana state median of 0.54% and the U.S. national median of 0.99%. Local government entities within Leesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leesville 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 Leesville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71446 zip code has the highest median property tax rate of 0.38%, while the 71496 zip code has the lowest median tax rate of 0.36%. Understanding how these cities compare with Leesville provides valuable insights into the varying tax landscape across Vernon Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leesville Tax Rate
1.15%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leesville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71446 | 1.12% | 1.12% | 1.15% | 1.20% | 1.33% |
| 71496 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Leesville, Louisiana
In Leesville, Louisiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Vernon 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 Leesville, 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 Leesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Leesville is $1,428 in zip code 71496, while the lowest is $673 in zip code 71446.
Average Leesville Assessed Value
$56,800
Average Vernon County Assessed Value
$52,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leesville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71446 | $8,700 | $24,500 | $56,800 | $107,500 | $203,360 |
| 71496 | $29,430 | $66,075 | $127,150 | $188,225 | $224,870 |
Source: Ownwell
Property Tax Bills Across Leesville, Louisiana
In Leesville, located in Vernon County, LA, property tax bills are calculated based on the assessed value of your home. The local tax authority determines the assessed value, which is typically a percentage of the property's market value. For instance, with a median home price of $56,800, the assessed value forms the basis for the tax calculation. Various factors like property size, location, and market conditions influence this assessed value. Homeowners in Leesville can expect a wide range of tax bills. At the 25th percentile, tax bills are around $291, while those at the 75th percentile see bills closer to $1,273. For the highest 10% of properties, tax bills can reach up to $2,419. This variation significantly impacts homeowners, influencing their annual budgeting and long-term financial planning. Comparatively, the national median property tax rate is 0.99%. Understanding how these local factors interplay can help homeowners better anticipate their tax obligations and manage their finances more effectively.
Average Leesville Tax Bill
$673
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Leesville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71446 | $104 | $291 | $673 | $1,272 | $2,417 |
| 71496 | $330 | $742 | $1,428 | $2,115 | $2,527 |
Source: Ownwell