Ringgold, Louisiana Property Taxes
The median property tax rate in Ringgold, 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 Ringgold, the typical annual property tax bill reaches $458, falling below the national median of $2,690. Property taxes in Ringgold 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 Ringgold'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 Ringgold 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
Ringgold, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$441
Ownwell’s Ringgold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ringgold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ringgold 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 Ringgold, Louisiana
Property taxes in Ringgold, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ringgold is 0.39%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Ringgold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ringgold 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 Ringgold's effective property tax rate to other counties in Louisiana and the national median. For comparison, the highest median property tax rate in the county is 0.39%, while the lowest median tax rate is also 0.39%. Understanding how these cities compare with Ringgold 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 Ringgold 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 Ringgold, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71068 | 1.08% | 1.08% | 1.08% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Ringgold, Louisiana
In Ringgold, 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 Ringgold, 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. For example, the zip code 71068 has both the highest and lowest median tax bill at $458. Being aware of these valuation processes in Ringgold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ringgold Assessed Value
$40,815
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 Ringgold, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71068 | $8,558 | $19,288 | $40,815 | $76,086 | $120,760 |
Source: Ownwell
Property Tax Bills Across Ringgold, Louisiana
In Ringgold, Bienville County, LA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Ringgold can expect their property tax bills to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. For instance, with a median home price of $40,815, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $218, while those at the 75th percentile could see bills as high as $855. The top 10% of property tax bills can reach up to $1,315. Compared to the national median property tax rate of 0.99%, Ringgold’s property tax rates can be more favorable, potentially easing the financial burden on homeowners. Understanding these factors is crucial for homeowners as property taxes directly affect their annual expenses and overall cost of homeownership.
Average Ringgold Tax Bill
$458
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringgold, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71068 | $97 | $218 | $458 | $855 | $1,315 |
Source: Ownwell