Heflin, Louisiana Property Taxes
The median property tax rate in Heflin, LA is 1.08%, which is considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Heflin at $48,112, the typical annual property tax bill reaches $516, still below the national median of $2,690. Property taxes in Heflin 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 Heflin'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 Heflin 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
Heflin, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$520
$482
Ownwell’s Heflin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heflin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heflin 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 Heflin, Louisiana
Property taxes in Heflin, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heflin is 1.08%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Heflin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heflin 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 Heflin's effective property tax rate to other regions in Louisiana and the national median. For comparison, the 71039 zip code has the highest median property tax rate of 1.08%, while the same zip code also holds the lowest median tax rate of 1.08%. Understanding how these areas compare with Heflin 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 Heflin Tax Rate
1.08%
Average Bienville County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heflin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71039 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Heflin, Louisiana
In Heflin, 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 Heflin, 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 Heflin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $516, found in the 71039 zip code.
Average Heflin Assessed Value
$48,112
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 Heflin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71039 | $12,873 | $26,890 | $48,112 | $88,924 | $134,822 |
Source: Ownwell
Property Tax Bills Across Heflin, Louisiana
In Heflin, located in Bienville County, LA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the local assessor's office. For example, with a median home price of $48,112, the assessed value forms the basis for the tax calculation. Several factors influence the final tax bill, including local tax rates, property assessments, and any applicable exemptions. Homeowners in Heflin can expect tax bills to vary significantly. At the 25th percentile, the tax bill is around $280, while at the 75th percentile, it can reach $930. For those in the 90th percentile, the tax bill can go up to $1,427. Compared to the national median property tax rate of 0.99%, Heflin's property taxes can be considered relatively manageable. However, the tax burden can still impact homeowners' finances, influencing their overall cost of living and potentially affecting decisions related to homeownership and property investment.
Average Heflin Tax Bill
$516
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Heflin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71039 | $131 | $280 | $516 | $930 | $1,427 |
Source: Ownwell