Bunkie, Avoyelles County, Louisiana Property Taxes
The median property tax rate in Bunkie, LA, is 1.24%, noticeably higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With the median home value in Bunkie at $36,400, the typical annual property tax bill reaches $424, which is considerably lower than the national median of $2,690. Property taxes in Bunkie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bunkie'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 Bunkie 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
Bunkie, Avoyelles County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$451
$419
Ownwell’s Bunkie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bunkie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bunkie 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 Bunkie, Avoyelles County, Louisiana
Property taxes in Bunkie, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bunkie is 0.25%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Bunkie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bunkie 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 Bunkie's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71322 zip code has the highest median property tax rate of 0.25%, while the same zip code also has the lowest median tax rate of 0.25%. Understanding how these cities compare with Bunkie provides valuable insights into the varying tax landscape across Avoyelles Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bunkie Tax Rate
1.24%
Average Avoyelles County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bunkie, Avoyelles County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71322 | 0.68% | 0.79% | 1.24% | 1.30% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Bunkie, Avoyelles County, Louisiana
In Bunkie, 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 Avoyelles 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 Bunkie, 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. For instance, the zip code 71322 has the highest median tax bill of $424. Being aware of these valuation processes in Bunkie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bunkie, Avoyelles County, Louisiana
Source: Ownwell
$30,400
$55,225
$80,050
Average Bunkie Assessed Value
$36,400
Average Avoyelles County Assessed Value
$50,400
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bunkie, Avoyelles County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71322 | $10,250 | $18,975 | $36,400 | $73,450 | $124,400 |
Source: Ownwell
Property Tax Bills Across Bunkie, Avoyelles County, Louisiana
In Bunkie, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in Bunkie is $36,400, and the tax rate is determined by the local tax authority in Avoyelles County. Homeowners in Bunkie can expect a range of tax bills, with the 25th percentile at $220 and the 75th percentile at $739. For those at the 90th percentile, the tax bill can go up to $1,145. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both $424, located in the 71322 zip code. Compared to the national median property tax rate of 0.99%, Bunkie's rates can be considered relatively moderate. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Bunkie Tax Bill
$424
Average Avoyelles County Tax Bill
$436
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bunkie, Avoyelles County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71322 | $115 | $220 | $424 | $739 | $1,145 |
Source: Ownwell