Assumption County Property Taxes
The median property tax rate in Assumption is 1.08%, which is higher than both the national median of 0.99% and Louisiana’s state median of 0.91%. With a median home value of $88,000 in Assumption, the typical annual property tax bill amounts to $951, which is still below the national median of $2,690. Property taxes in Assumption are calculated based on the assessed value, often lower than the actual market value due to various property tax exemptions like those for primary residences and agricultural properties. Understanding Assumption's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Napoleonville or another part of Assumption, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Assumption County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$950
Ownwell’s Assumption Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Assumption with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Assumption to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Assumption County, Louisiana
Property taxes in Assumption play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Assumption is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Assumption set these rates annually, and they can vary significantly between different areas within the county. Each year, Assumption estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Assumption's effective property tax rate with other areas and the national median. For comparison, the city of Labadieville has one of the higher property tax rates in the region at 1.17%, while the city of Plattenville boasts one of the lowest at 1.01%. Analyzing how Assumption's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Assumption County Tax Rate
1.08%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Assumption County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Rose | 1.01% | 1.01% | 1.02% | 1.02% | 1.02% |
| Donaldsonville | 1.01% | 1.01% | 1.02% | 1.02% | 1.02% |
| Labadieville | 1.11% | 1.17% | 1.17% | 1.17% | 1.17% |
| Morgan City | 1.05% | 1.09% | 1.13% | 1.19% | 1.28% |
| Napoleonville | 1.01% | 1.02% | 1.02% | 1.11% | 1.17% |
| Paincourtville | 1.01% | 1.02% | 1.02% | 1.02% | 1.02% |
| Pierre Part | 1.08% | 1.08% | 1.08% | 1.10% | 1.14% |
| Plattenville | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% |
| Thibodaux | 1.11% | 1.11% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Assumption County, Louisiana
In Assumption, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Assumption Appraisal District. The assessed value, however, 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 Assumption are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Donaldsonville has the highest median tax bill at $1,364, while Paincourtville enjoys the lowest at $350. Being aware of these valuation processes in Assumption will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Assumption County, Louisiana
Source: Ownwell
$34,500
$84,475
$134,450
Average Assumption County Assessed Value
$88,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Assumption County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Rose | $17,900 | $40,400 | $73,000 | $120,900 | $218,700 |
| Donaldsonville | $48,300 | $84,925 | $134,450 | $220,850 | $284,980 |
| Labadieville | $34,720 | $57,200 | $82,600 | $125,950 | $189,340 |
| Morgan City | $30,650 | $55,100 | $86,350 | $135,950 | $191,500 |
| Napoleonville | $19,400 | $39,800 | $75,700 | $153,850 | $237,600 |
| Paincourtville | $15,580 | $21,700 | $34,500 | $116,225 | $246,410 |
| Pierre Part | $45,880 | $75,000 | $120,200 | $193,000 | $280,900 |
| Plattenville | $50,060 | $94,350 | $129,300 | $178,500 | $219,240 |
| Thibodaux | $40,760 | $69,550 | $110,600 | $171,950 | $248,400 |
Source: Ownwell
Property Tax Bills Across Assumption County, Louisiana
In Assumption Parish, LA, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, the median home price in Assumption Parish is $88,000. Homeowners here can expect their tax bills to vary significantly, with the 25th percentile paying around $558, while the 75th percentile sees bills around $1719. At the higher end, the 90th percentile faces tax bills up to $2578. Several factors influence these variations, including the specific tax rates set by local taxing authorities and any applicable exemptions. In Assumption Parish, the highest median tax bill is found in Donaldsonville at $1364, whereas Paincourtville has the lowest median tax bill at $350. These property taxes can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Assumption Parish offers a diverse range of tax burdens depending on the location and property value.
Average Assumption County Tax Bill
$951
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Assumption County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Rose | $186 | $412 | $741 | $1,228 | $2,219 |
| Donaldsonville | $490 | $862 | $1,364 | $2,239 | $2,889 |
| Labadieville | $399 | $665 | $941 | $1,459 | $2,178 |
| Morgan City | $360 | $645 | $988 | $1,521 | $2,093 |
| Napoleonville | $205 | $421 | $802 | $1,628 | $2,497 |
| Paincourtville | $158 | $220 | $350 | $1,180 | $2,501 |
| Pierre Part | $517 | $821 | $1,331 | $2,095 | $3,025 |
| Plattenville | $508 | $957 | $1,312 | $1,810 | $2,223 |
| Thibodaux | $461 | $775 | $1,243 | $1,976 | $2,894 |
Source: Ownwell