Ragley, Louisiana Property Taxes
The median property tax rate in Ragley, LA is 2.09%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ragley, the typical annual property tax bill reaches $843, which is below the national median of $2,690. Property taxes in Ragley 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 Ragley'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 Ragley 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
Ragley, 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 Ragley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ragley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ragley 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 Ragley, Louisiana
Property taxes in Ragley, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ragley is 2.09%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Ragley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ragley 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 Ragley's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70657 zip code has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Ragley provides valuable insights into the varying tax landscape across Allen, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ragley Tax Rate
2.09%
Average Allen County Tax Rate
1.76%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Ragley, Louisiana
In Ragley, 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 Allen 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 Ragley, 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 Ragley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Ragley is 70657, with a median tax bill of $843.
Average Ragley Assessed Value
$40,400
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 Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | $10,000 | $18,000 | $40,400 | $81,300 | $169,720 |
Source: Ownwell
Property Tax Bills Across Ragley, Louisiana
In Ragley, Allen County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Ragley typically see a range of tax bills, reflecting the diverse property values within the area. For instance, the tax bill at the 25th percentile is $376, while at the 75th percentile, it reaches $1,697. At the 90th percentile, homeowners might pay as much as $3,543 annually. These figures highlight the variability in tax burdens depending on property values and other factors such as exemptions and local tax rates. Compared to the national median property tax rate of 0.99%, Ragley homeowners face a unique landscape influenced by local market conditions and assessment practices. Understanding these factors is crucial for homeowners to anticipate their tax liabilities and manage their finances effectively. Accurate assessments ensure that property taxes are equitable, supporting essential public services in the community.
Average Ragley Tax Bill
$843
Average Allen County Tax Bill
$653
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ragley, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70657 | $209 | $376 | $843 | $1,697 | $3,543 |
Source: Ownwell