Scott, Louisiana Property Taxes
The median property tax rate in Scott, LA is 0.67%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $81,400 in Scott, the typical annual property tax bill amounts to $548, well below the national median of $2,690. Property taxes in Scott 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 Scott'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 Scott 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
Scott, 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 Scott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scott 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 Scott, Louisiana
Property taxes in Scott, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scott is 0.67%, which is lower than both the Louisiana state median of 0.79% and the U.S. national median of 0.99%. Local government entities within Scott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scott 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 Scott's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70583 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Scott 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 Scott Tax Rate
0.67%
Average Acadia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scott, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70583 | 0.62% | 0.64% | 0.67% | 0.70% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Scott, Louisiana
In Scott, 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 Scott, 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 Scott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Scott are both $548, found in the 70583 zip code.
Average Scott Assessed Value
$81,400
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 Scott, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70583 | $20,880 | $49,200 | $81,400 | $139,000 | $222,800 |
Source: Ownwell
Property Tax Bills Across Scott, Louisiana
In Scott, located in Acadia Parish, Louisiana, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home, with Louisiana's assessment ratio set at 10%. For a median home price of $81,400, the assessed value would be $8,140. This assessed value is then multiplied by the local tax rate to calculate the tax bill. Tax bills can vary significantly based on the specific value of the property and the applicable exemptions. For instance, the tax bill at the 25th percentile is $338, while at the 75th percentile, it's $913, and at the 90th percentile, it reaches $1,447. These variations highlight the impact of property value and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Scott's property tax bills can be relatively moderate or high, affecting homeowners' annual financial planning and housing affordability.
Average Scott Tax Bill
$548
Average Acadia County Tax Bill
$498
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Scott, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70583 | $149 | $338 | $548 | $913 | $1,447 |
Source: Ownwell