Center Point, Louisiana Property Taxes
The median property tax rate in Center Point, LA is 0.62%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Center Point at $68,800, the typical annual property tax bill amounts to $421, well below the national median of $2,690. Property taxes in Center Point 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 Center Point'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 Center Point 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
Center Point, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$427
$396
Ownwell’s Center Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Center Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Center Point 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 Center Point, Louisiana
Property taxes in Center Point, Louisiana, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Point is 0.62%, lower than the U.S. national median of 0.99%. Local government entities within Center Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Point 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 Center Point's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71323 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Center Point 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 Center Point Tax Rate
0.62%
Average Avoyelles County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center Point, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71323 | 0.57% | 0.59% | 0.62% | 0.70% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Center Point, Louisiana
In Center Point, 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 Center Point, 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 Center Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Center Point is $68,800, with tax bills ranging significantly, from the 25th percentile at $213 to the 90th percentile at $837. The zip code 71323 has both the highest and lowest median tax bill at $421.
Average Center Point Assessed Value
$68,800
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 Center Point, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71323 | $13,330 | $30,700 | $68,800 | $100,075 | $144,470 |
Source: Ownwell
Property Tax Bills Across Center Point, Louisiana
In Center Point, located in Avoyelles Parish, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $68,800, the property tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $213 annually, while those in the 75th percentile might see bills as high as $589. For those in the 90th percentile, the tax bill can reach up to $837. These figures highlight the variability in property tax bills depending on the home's value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, the rates in Center Point can be seen as relatively moderate, affecting homeowners' annual financial planning and overall cost of homeownership.
Average Center Point Tax Bill
$421
Average Avoyelles County Tax Bill
$436
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Center Point, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71323 | $124 | $213 | $421 | $589 | $837 |
Source: Ownwell