Oberlin, Louisiana Property Taxes
The median property tax rate in Oberlin, LA is 2.01%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Oberlin at $38,000, the typical annual property tax bill reaches $754, which is below the national median of $2,690. Property taxes in Oberlin are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Oberlin'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 Oberlin 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
Oberlin, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$764
$709
Ownwell’s Oberlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oberlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oberlin 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 Oberlin, Louisiana
Property taxes in Oberlin, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oberlin is 2.01%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Oberlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oberlin 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 Oberlin's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70655 has both the highest and lowest median property tax rate of 2.01%. Understanding how these areas compare with Oberlin provides valuable insights into the varying tax landscape across Allen Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oberlin Tax Rate
2.01%
Average Allen County Tax Rate
1.76%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oberlin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70655 | 1.83% | 1.97% | 2.01% | 2.01% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Oberlin, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oberlin, 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 Allen 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. Assessment notices in Oberlin 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 Oberlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Oberlin, the zip code with the highest median tax bill is 70655, with a median tax bill of $754.00. By contrast, the same zip code also has the lowest median tax bill at $754.00. With a median home price of $38,000, property owners can use this information to better understand their potential tax liabilities and explore ways to reduce their tax burden.
Average Oberlin Assessed Value
$38,000
Average Allen County Assessed Value
$40,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oberlin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70655 | $9,400 | $18,700 | $38,000 | $65,000 | $97,200 |
Source: Ownwell
Property Tax Bills Across Oberlin, Louisiana
In Oberlin, located in Allen County, LA, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The assessed value typically represents a percentage of the property's market value. Homeowners in Oberlin can expect their tax bills to vary significantly depending on the assessed value of their homes and the local tax rate. For instance, the median home price in Oberlin is $38,000. The property tax bills in the area range widely, with the 25th percentile at $362 and the 75th percentile at $1,268. At the higher end, the 90th percentile tax bill reaches $1,922. These numbers indicate that while some homeowners pay relatively modest taxes, others may face higher bills depending on their property's assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Oberlin's rates can offer both affordability and variability, impacting homeowners differently based on their specific property values and assessments.
Average Oberlin Tax Bill
$754
Average Allen County Tax Bill
$653
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Oberlin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70655 | $181 | $362 | $754 | $1,268 | $1,922 |
Source: Ownwell