Taylor, Louisiana Property Taxes
The median property tax rate in Taylor, LA is 1.13%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Taylor, the typical annual property tax bill reaches $526, which is significantly lower than the national median of $2,690. Property taxes in Taylor 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 Taylor'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 Taylor 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
Taylor, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$524
Ownwell’s Taylor Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Taylor with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Taylor to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Taylor, Louisiana
Property taxes in Taylor, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 1.13%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71080 zip code has the highest median property tax rate of 1.13%, while the same 71080 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Taylor 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 Taylor 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 Taylor, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71080 | 1.13% | 1.13% | 1.13% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Louisiana
In Taylor, 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 Taylor, 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 Taylor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71080 has both the highest and lowest median tax bill at $526.
Average Taylor Assessed Value
$46,355
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 Taylor, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71080 | $27,868 | $33,124 | $46,355 | $83,902 | $132,929 |
Source: Ownwell
Property Tax Bills Across Taylor, Louisiana
In Taylor, located in Bienville County, LA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and typically represents a percentage of the market value of the property. Homeowners in Taylor can expect their property tax bills to vary significantly, with the 25th percentile paying around $377 and the 75th percentile facing a bill of approximately $952. For those at the 90th percentile, tax bills can be as high as $1508. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the tax rates in Taylor can have a notable impact on homeowners' annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly. This variability in tax bills underscores the importance of staying informed about local property tax regulations and potential savings opportunities.
Average Taylor Tax Bill
$526
Average Bienville County Tax Bill
$492
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71080 | $317 | $377 | $526 | $952 | $1,508 |
Source: Ownwell