Egan, Louisiana Property Taxes
The median property tax rate in Egan, LA is 0.78%, 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 Egan at $75,200, the typical annual property tax bill reaches $540, significantly less than the national median of $2,690. Property taxes in Egan 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 Egan'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 Egan 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
Egan, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Egan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Egan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Egan 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 Egan, Louisiana
Property taxes in Egan, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Egan is 0.78%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Egan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Egan 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 Egan's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70531 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Egan provides valuable insights into the varying tax landscape across Acadia Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Egan Tax Rate
0.78%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Egan, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70531 | 0.77% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Egan, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Egan, Louisiana. 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 Acadia 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. 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. Egan's median home price is $75,200, with tax bills ranging from $261 at the 25th percentile to $1,496 at the 90th percentile. The highest and lowest median tax bills are both $540, found in the 70531 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Egan Assessed Value
$75,200
Average Acadia County Assessed Value
$62,600
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Egan, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70531 | $16,000 | $35,000 | $75,200 | $130,800 | $192,520 |
Source: Ownwell
Property Tax Bills Across Egan, Louisiana
In Egan, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. This assessed value is a percentage of your property's market value. For instance, if the median home price in Egan is $75,200, the assessed value will be a fraction of this amount, depending on local assessment ratios. Once the assessed value is established, the property tax rate, which is applied to this value, determines your tax bill. In Acadia County, where Egan is located, property tax bills can vary significantly. Homeowners in the 25th percentile might see tax bills around $261, while those in the 75th percentile could have bills as high as $993. For those in the 90th percentile, tax bills can reach up to $1,496. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the quality of life in Egan. Understanding how these factors interplay helps homeowners anticipate their financial obligations and the benefits they receive from these taxes.
Average Egan Tax Bill
$540
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Egan, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70531 | $113 | $261 | $540 | $993 | $1,496 |
Source: Ownwell