Mermentau, Louisiana Property Taxes
The median property tax rate in Mermentau, LA is 1.17%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Mermentau, the typical annual property tax bill reaches $448, which is significantly lower than the national median of $2,690. Property taxes in Mermentau 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 Mermentau'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 Mermentau 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
Mermentau, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$460
$427
Ownwell’s Mermentau Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mermentau, Acadia Parish. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Mermentau to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, ensuring you are well-prepared for any financial commitments. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Mermentau, Louisiana
Property taxes in Mermentau, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mermentau is 1.17%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Mermentau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mermentau 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 Mermentau's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70556 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Mermentau 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 Mermentau Tax Rate
1.17%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mermentau, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70556 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mermentau, Louisiana
In Mermentau, 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's Office 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 Mermentau, 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 Mermentau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $448, found in the 70556 zip code, which also has the lowest median tax bill at the same amount.
Average Mermentau Assessed Value
$39,300
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 Mermentau, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70556 | $10,370 | $19,900 | $39,300 | $60,925 | $101,230 |
Source: Ownwell
Property Tax Bills Across Mermentau, Louisiana
In Mermentau, Acadia Parish, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Typically, the assessed value is a fraction of the market value, and this value is then multiplied by the local tax rate to determine the final tax bill. For instance, with a median home price of $39,300, the tax bills vary significantly. The 25th percentile tax bill is around $228, while the 75th percentile reaches up to $692, and the 90th percentile can be as high as $1,139. These figures highlight how property taxes can vary widely even within the same area, influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Mermentau may find their tax obligations to be significantly lower, providing some financial relief. Understanding these factors helps homeowners better anticipate their property tax responsibilities and manage their finances accordingly.
Average Mermentau Tax Bill
$448
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mermentau, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70556 | $117 | $228 | $448 | $692 | $1,139 |
Source: Ownwell