Woodville, Louisiana Property Taxes
The median property tax rate in Woodville, 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 Woodville at $302,000, the typical annual property tax bill comes to $2,534, slightly below the national median of $2,690. Property taxes in Woodville 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 Woodville'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 Woodville 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
Woodville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,537
Ownwell’s Woodville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodville 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 Woodville, Louisiana
Property taxes in Woodville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodville is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Woodville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodville 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 Woodville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 39669 zip code has both the highest and lowest median property tax rate in the area, standing at 0.84%. Understanding how these cities compare with Woodville provides valuable insights into the varying tax landscape across West Feliciana, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woodville 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 Woodville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39669 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Woodville, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodville, Louisiana. 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 West Feliciana 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 Woodville, 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 median home price in Woodville is $302,000, with the highest and lowest median tax bills both at $2,534 in the 39669 zip code. Being aware of these valuation processes in Woodville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Woodville Assessed Value
$302,000
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 Woodville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39669 | $302,000 | $302,000 | $302,000 | $302,000 | $302,000 |
Source: Ownwell
Property Tax Bills Across Woodville, Louisiana
In Woodville, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is usually a percentage of the market value of the home. For instance, if a home in Woodville has a market value of $302,000, the assessed value would be a fraction of this amount, depending on local assessment rates. The property tax rate, which is applied to the assessed value, plays a crucial role in determining the final tax bill. In West Feliciana County, the median property tax bill is $2,534, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual housing costs, potentially affecting their overall budget and financial planning. Factors such as local government budgets, school funding, and public services also influence the property tax rate, making it essential for homeowners to stay informed about any changes that could affect their tax obligations.
Average Woodville Tax Bill
$2,534
Average West Feliciana County Tax Bill
$1,561
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39669 | $2,534 | $2,534 | $2,534 | $2,534 | $2,534 |
Source: Ownwell