Vick, Louisiana Property Taxes
The median property tax rate in Vick, LA is 0.60%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Vick at $81,600, the typical annual property tax bill amounts to $490, well below the national median of $2,690. Property taxes in Vick are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Vick's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Vick or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vick, 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 Vick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vick 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 Vick, Louisiana
Property taxes in Vick, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vick is 0.60%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Vick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vick 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 Vick's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71331 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Vick 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 Vick Tax Rate
0.60%
Average Avoyelles County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vick, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71331 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Vick, Louisiana
In VICK, 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 VICK, 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. The highest and lowest median tax bills in VICK are both $490, found in the 71331 zip code. Being aware of these valuation processes in VICK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vick Assessed Value
$81,600
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 Vick, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71331 | $81,600 | $81,600 | $81,600 | $81,600 | $81,600 |
Source: Ownwell
Property Tax Bills Across Vick, Louisiana
In Vick, located in Avoyelles County, LA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value of the home. For example, with a median home price of $81,600, the assessed value is determined by local tax assessors who consider factors such as property size, location, and condition. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Vick, the median property tax bill is consistently $490, which aligns with the 25th, 75th, and 90th percentiles, indicating a uniform tax rate across different property values. This uniformity can simplify financial planning for homeowners, as they can expect a predictable tax bill each year. Comparatively, Vick’s property tax rate is lower than the national median property tax rate of 0.99%, making it a relatively affordable location for homeowners when it comes to property taxes.
Average Vick Tax Bill
$490
Average Avoyelles County Tax Bill
$436
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Vick, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71331 | $490 | $490 | $490 | $490 | $490 |
Source: Ownwell