Quitman, Louisiana Property Taxes
The median property tax rate in Quitman, LA is 1.22%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Quitman at $52,149, the typical annual property tax bill reaches $618, which is significantly lower than the national median of $2,690. Property taxes in Quitman 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 Quitman'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 Quitman 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
Quitman, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$636
Ownwell’s Quitman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quitman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quitman 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 Quitman, Louisiana
Property taxes in Quitman, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quitman is 0.12%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Quitman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quitman 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 Quitman's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71268 zip code has the highest median property tax rate of 0.12%, while the 71268 zip code also has the lowest median tax rate of 0.12%. Understanding how these cities compare with Quitman 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 Quitman Tax Rate
1.22%
Average Bienville County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quitman, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71268 | 1.17% | 1.21% | 1.22% | 1.22% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Quitman, Louisiana
In Quitman, 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 Quitman, 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 Quitman is $52,149, with tax bills ranging from $295 at the 25th percentile to $1,709 at the 90th percentile. The highest and lowest median tax bills are both $618 in the 71268 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Quitman Assessed Value
$52,149
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 Quitman, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71268 | $14,362 | $24,576 | $52,149 | $104,568 | $140,080 |
Source: Ownwell
Property Tax Bills Across Quitman, Louisiana
In Quitman, Bienville County, LA, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, if a property has a median home price of $52,149, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $295, while those in the 75th percentile could see bills up to $1,157. The 90th percentile tax bill can reach as high as $1,709. These figures highlight the range of property tax burdens that homeowners in Quitman might experience, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, the tax rates in Quitman can be quite variable, influencing the overall financial responsibility of owning a home in this region.
Average Quitman Tax Bill
$618
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Quitman, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71268 | $174 | $295 | $618 | $1,157 | $1,709 |
Source: Ownwell