Estherwood, Louisiana Property Taxes
The median property tax rate in Estherwood, LA is 1.00%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Estherwood, the typical annual property tax bill reaches $336, which is significantly lower than the national median of $2,690. Property taxes in Estherwood 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 Estherwood'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 Estherwood 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
Estherwood, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$384
Ownwell’s Estherwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Estherwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Estherwood 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 Estherwood, Louisiana
Property taxes in Estherwood, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Estherwood is 0.27%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Estherwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Estherwood 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 Estherwood's effective property tax rate to other counties in Louisiana and the national median. For comparison, the highest median property tax rate in Louisiana is 0.53%, while the lowest median tax rate is 0.27%. Understanding how these cities compare with Estherwood 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 Estherwood Tax Rate
1.00%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Estherwood, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70534 | 0.93% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Estherwood, Louisiana
In Estherwood, 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 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. In Estherwood, 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 Estherwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $336, found in zip code 70534.
Average Estherwood Assessed Value
$38,400
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 Estherwood, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70534 | $10,000 | $18,150 | $38,400 | $63,475 | $107,270 |
Source: Ownwell
Property Tax Bills Across Estherwood, Louisiana
In Estherwood, property tax bills are calculated based on the assessed value of your home, which is determined by the Acadia County tax assessor. The assessed value is typically a percentage of the market value of your property. For instance, with a median home price of $38,400, homeowners in Estherwood can expect their tax bills to vary significantly. The 25th percentile tax bill is around $160, while the 75th percentile tax bill reaches $579. At the 90th percentile, tax bills can go up to $1,055. These figures indicate a range of property tax obligations depending on the assessed value and applicable tax rates. The median tax bill in Estherwood stands at $336, which is notably lower than the national median property tax rate of 0.99%. This lower tax burden can be advantageous for homeowners, making property ownership more affordable. However, it’s crucial to stay informed about your specific property assessment and any potential exemptions that could further reduce your tax liability.
Average Estherwood Tax Bill
$336
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Estherwood, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70534 | $96 | $160 | $336 | $579 | $1,055 |
Source: Ownwell