Belle Rose, Louisiana Property Taxes
The median property tax rate in Belle Rose, LA is 1.02%, slightly above the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Belle Rose being $73,000, the typical annual property tax bill amounts to $741, which is significantly lower than the national median of $2,690. Property taxes in Belle Rose are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Belle Rose's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Belle Rose or another part of Assumption Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Rose, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$745
Ownwell’s Belle Rose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle Rose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Rose 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 Belle Rose, Louisiana
Property taxes in Belle Rose, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Rose is 1.02%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Belle Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Rose 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 Belle Rose's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70341 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Belle Rose provides valuable insights into the varying tax landscape across Assumption Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Rose Tax Rate
1.02%
Average Assumption County Tax Rate
1.08%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Rose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70341 | 1.01% | 1.01% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Belle Rose, Louisiana
In Belle Rose, 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 Assumption 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 Belle Rose, 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 Belle Rose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Belle Rose is 70341, with a median tax bill of $741.
Average Belle Rose Assessed Value
$73,000
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 Belle Rose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70341 | $17,900 | $40,400 | $73,000 | $120,900 | $218,700 |
Source: Ownwell
Property Tax Bills Across Belle Rose, Louisiana
In Belle Rose, located in Assumption Parish, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Belle Rose is $73,000. Local tax authorities apply the relevant tax rate to this assessed value to determine the annual tax bill. Factors such as property location, home improvements, and exemptions can influence this assessed value. For homeowners in Belle Rose, the property tax bill can vary significantly. The 25th percentile tax bill is around $412, while the 75th percentile reaches $1,228, and the 90th percentile can soar to $2,219. Compared to the national median property tax rate of 0.99%, Belle Rose's rates reflect local economic conditions and funding needs. This variability in tax bills can impact homeowners' financial planning, making it essential to understand how local assessments and rates affect individual obligations.
Average Belle Rose Tax Bill
$741
Average Assumption County Tax Bill
$951
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Rose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70341 | $186 | $412 | $741 | $1,228 | $2,219 |
Source: Ownwell