Minden, Louisiana Property Taxes
The median property tax rate in Minden, LA is 1.13%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $73,306 in Minden, the typical annual property tax bill reaches $832, which is below the national median of $2,690. Property taxes in Minden are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Minden'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 Minden 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
Minden, 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 Minden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Minden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Minden 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 Minden, Louisiana
Property taxes in Minden, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Minden is 1.13%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Minden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Minden 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 Minden's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71055 zip code has the highest median property tax rate of 1.13%, while the 71055 zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Minden 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 Minden Tax Rate
1.13%
Average Bienville County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Minden, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71055 | 1.13% | 1.13% | 1.13% | 1.13% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Minden, Louisiana
In Minden, 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 Minden, 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 Minden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Minden, the highest median tax bill is $832 in the 71055 zip code, while the lowest median tax bill is also $832 in the same zip code.
Average Minden Assessed Value
$73,306
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 Minden, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71055 | $22,475 | $36,273 | $73,306 | $99,790 | $118,335 |
Source: Ownwell
Property Tax Bills Across Minden, Louisiana
In Minden, located in Bienville Parish, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The tax rate in this area is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $73,306, homeowners can expect tax bills to vary widely. The 25th percentile tax bill is around $412, while those in the 75th percentile see bills closer to $1,132. The top 10% of tax bills can reach up to $1,343. These taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners in Minden can compare their tax rates to the national median property tax rate of 0.99% to understand their relative tax burden. With the highest and lowest median tax bills both at $832 in the 71055 zip code, it provides a consistent benchmark for residents in this area.
Average Minden Tax Bill
$832
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Minden, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71055 | $255 | $412 | $832 | $1,132 | $1,343 |
Source: Ownwell