Arcadia, Louisiana Property Taxes
The median property tax rate in Arcadia, LA is 1.32%, notably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $41,607 in Arcadia, the typical annual property tax bill amounts to $538, which is well below the national median of $2,690. Property taxes in Arcadia are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Arcadia's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Arcadia or another part of Bienville County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, 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 Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Arcadia, Louisiana
Property taxes in Arcadia, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 0.36%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71001 zip code has the highest median property tax rate of 0.36%, while the lowest median tax rate is also 0.36%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Bienville Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.32%
Average Bienville County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71001 | 1.32% | 1.32% | 1.32% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Louisiana
In Arcadia, 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 Bienville 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 Arcadia, 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 Arcadia is $41,607, with tax bills ranging from $306 at the 25th percentile to $1,847 at the 90th percentile. The highest and lowest median tax bills are both $538 in the 71001 zip code. 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 Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$41,607
Average Bienville County Assessed Value
$40,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71001 | $10,294 | $23,238 | $41,607 | $89,424 | $140,685 |
Source: Ownwell
Property Tax Bills Across Arcadia, Louisiana
In Arcadia, Bienville Parish, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Factors such as the home's size, location, and condition are considered to arrive at this value. For instance, the median home price in Arcadia is $41,607. Once the assessed value is determined, the local tax rate is applied to calculate the tax bill. In Arcadia, the median tax bill is $538, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $306, while those in the 75th percentile pay about $1,109. The tax burden can vary widely, with the 90th percentile reaching up to $1,847. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Arcadia Tax Bill
$538
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71001 | $136 | $306 | $538 | $1,109 | $1,847 |
Source: Ownwell