Pierre Part, Louisiana Property Taxes
The median property tax rate in Pierre Part, LA is 1.08%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Pierre Part at $120,200, the typical annual property tax bill reaches $1,331, which is below the national median of $2,690. Property taxes in Pierre Part are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pierre Part'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 Pierre Part 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
Pierre Part, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,298
Ownwell’s Pierre Part Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pierre Part with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierre Part 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 Pierre Part, Louisiana
Property taxes in Pierre Part, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierre Part is 1.08%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pierre Part set these rates annually, and they can vary across different neighborhoods. Each year, Pierre Part 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 Pierre Part's effective property tax rate to other areas in Assumption Parish and the national median. For comparison, the zip code 70339 has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Pierre Part 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 Pierre Part Tax Rate
1.08%
Average Assumption County Tax Rate
1.08%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierre Part, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70339 | 1.08% | 1.08% | 1.08% | 1.10% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Pierre Part, Louisiana
In Pierre Part, 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 Pierre Part, 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 Pierre Part 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 is 70339, both valued at $1,331.
Average Pierre Part Assessed Value
$120,200
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 Pierre Part, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70339 | $45,880 | $75,000 | $120,200 | $193,000 | $280,900 |
Source: Ownwell
Property Tax Bills Across Pierre Part, Louisiana
In Pierre Part, located in Assumption Parish, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property, reflecting its worth in the current market. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Pierre Part is $120,200, and homeowners can expect tax bills ranging from $821 at the 25th percentile to $3,025 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,331, indicating a relatively uniform tax rate across different properties. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby enhancing community living standards. Compared to the national median property tax rate of 0.99%, Pierre Part's property tax rates offer a competitive balance between cost and community benefits.
Average Pierre Part Tax Bill
$1,331
Average Assumption County Tax Bill
$951
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierre Part, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70339 | $517 | $821 | $1,331 | $2,095 | $3,025 |
Source: Ownwell