Labadieville, Louisiana Property Taxes
The median property tax rate in Labadieville, LA is 1.17%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $82,600 in Labadieville, the typical annual property tax bill is $941, which is below the national median of $2,690. Property taxes in Labadieville are calculated based on the tax assessed value, which typically falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Labadieville'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 Labadieville or another part of Assumption County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Labadieville, 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 Labadieville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Labadieville with just two key inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Labadieville to provide an accurate property tax estimate. This valuable tool helps you grasp potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Labadieville, Louisiana
Property taxes in Labadieville, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Labadieville is 1.17%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Labadieville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Labadieville 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 Labadieville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70372 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Labadieville 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 Labadieville Tax Rate
1.17%
Average Assumption County Tax Rate
1.08%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Labadieville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70372 | 1.11% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Labadieville, Louisiana
In Labadieville, 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. Assessment notices in Labadieville 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. For example, the median home price in Labadieville is $82,600, with tax bills ranging from $665 at the 25th percentile to $2,178 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Labadieville Assessed Value
$82,600
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 Labadieville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70372 | $34,720 | $57,200 | $82,600 | $125,950 | $189,340 |
Source: Ownwell
Property Tax Bills Across Labadieville, Louisiana
Property tax bills in Labadieville, located in Assumption Parish, Louisiana, are calculated based on the assessed value of a property, which typically reflects a percentage of its market value. The median home price in Labadieville is $82,600. Tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Labadieville can expect their property tax bills to vary significantly, with amounts ranging from $665 at the 25th percentile to $2,178 at the 90th percentile. The highest and lowest median tax bills in the area are both $941, which is below the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to local services and infrastructure, while also influencing the overall cost of homeownership. Understanding these factors is crucial for homeowners as they plan their finances and consider the long-term affordability of their properties.
Average Labadieville Tax Bill
$941
Average Assumption County Tax Bill
$951
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Labadieville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70372 | $399 | $665 | $941 | $1,459 | $2,178 |
Source: Ownwell