Paincourtville, Louisiana Property Taxes
The median property tax rate in Paincourtville, LA is 1.02%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Paincourtville at $34,500, the typical annual property tax bill is $350, which is significantly lower than the national median of $2,690. Property taxes in Paincourtville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Paincourtville'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 Paincourtville 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
Paincourtville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$352
$327
Ownwell’s Paincourtville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paincourtville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paincourtville 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 Paincourtville, Louisiana
Property taxes in Paincourtville, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Paincourtville is 1.02%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Paincourtville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paincourtville 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 Paincourtville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70391 has both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Paincourtville 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 Paincourtville 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 Paincourtville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70391 | 1.01% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Paincourtville, Louisiana
In Paincourtville, 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's Office 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 Paincourtville, 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. The median home price in Paincourtville is $34,500, with tax bills ranging from $220 at the 25th percentile to $2,501 at the 90th percentile. Notably, the zip code 70391 has both the highest and lowest median tax bill at $350. 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 Paincourtville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Paincourtville, Louisiana
Source: Ownwell
$34,500
$84,475
$134,450
Average Paincourtville Assessed Value
$34,500
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 Paincourtville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70391 | $15,580 | $21,700 | $34,500 | $116,225 | $246,410 |
Source: Ownwell
Property Tax Bills Across Paincourtville, Louisiana
In Paincourtville, Assumption County, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The tax rate applied to this assessed value determines the final tax bill. For a median home price of $34,500, homeowners can expect varying tax bills. At the 25th percentile, tax bills are around $220, while at the 75th percentile, they can reach $1,180. The highest tax bills, at the 90th percentile, can go up to $2,501. Factors influencing these calculations include the home's market value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Paincourtville's tax rates can significantly impact homeowners, especially those with higher-value properties. Understanding these elements helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Paincourtville Tax Bill
$350
Average Assumption County Tax Bill
$951
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Paincourtville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70391 | $158 | $220 | $350 | $1,180 | $2,501 |
Source: Ownwell