Weyanoke, Louisiana Property Taxes
The median property tax rate in Weyanoke, LA is 0.84%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Weyanoke at $25,000, the typical annual property tax bill is $210, significantly below the national median of $2,690. Property taxes in Weyanoke are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weyanoke'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 Weyanoke 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
Weyanoke, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$210
Ownwell’s Weyanoke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weyanoke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weyanoke 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 Weyanoke, Louisiana
Property taxes in Weyanoke, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weyanoke is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Weyanoke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weyanoke 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 Weyanoke's effective property tax rate to other areas in West Feliciana County and the national median. For comparison, the 70787 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these areas compare with Weyanoke provides valuable insights into the varying tax landscape across West Feliciana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weyanoke Tax Rate
0.84%
Average West Feliciana County Tax Rate
0.84%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weyanoke, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70787 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Weyanoke, Louisiana
In Weyanoke, 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 West Feliciana 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 Weyanoke, 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 Weyanoke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Weyanoke is $210.00 in zip code 70787, which contrasts with the national median property tax rate of 0.99%.
Average Weyanoke Assessed Value
$25,000
Average West Feliciana County Assessed Value
$186,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weyanoke, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70787 | $8,854 | $16,000 | $25,000 | $51,250 | $79,892 |
Source: Ownwell
Property Tax Bills Across Weyanoke, Louisiana
In Weyanoke, located in West Feliciana County, LA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the property's market value, which in Weyanoke is determined by the local assessor's office. The median home price in the area is $25,000, which influences the overall tax bill. Several factors are considered in determining the tax bill, including the property's size, location, and condition. Homeowners in Weyanoke can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $134, while at the 75th percentile, it rises to $430, and at the 90th percentile, it reaches $670. These property taxes impact homeowners by contributing to the funding of local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Weyanoke's property tax rates offer a range that can be more manageable for some homeowners, depending on their property's assessed value.
Average Weyanoke Tax Bill
$210
Average West Feliciana County Tax Bill
$1,561
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Weyanoke, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70787 | $78 | $134 | $210 | $430 | $670 |
Source: Ownwell