Bossier City, Louisiana Property Taxes
The median property tax rate in Bossier City, LA is 0.91%, aligning with the Louisiana state median but slightly below the national median of 0.99%. With a median home value of $137,085, the typical annual property tax bill in Bossier City amounts to $1,157, which is significantly lower than the national median of $2,690. Property taxes in Bossier City are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bossier City'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 Bossier City 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
Bossier City, 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 Bossier City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bossier City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bossier City 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 Bossier City, Louisiana
Property taxes in Bossier City, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bossier City is 0.91%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Bossier City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bossier City 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 Bossier City's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71111 zip code has the highest median property tax rate of 0.94%, while the 71112 zip code has the lowest median tax rate of 0.86%. Understanding how these areas compare with Bossier City provides valuable insights into the varying tax landscape across Bossier Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bossier City Tax Rate
0.91%
Average Bossier County Tax Rate
0.89%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bossier City, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71111 | 0.23% | 0.75% | 0.94% | 1.30% | 1.30% |
| 71112 | 0.23% | 0.54% | 0.86% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Bossier City, Louisiana
In Bossier City, 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 local appraisal district 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 Bossier City, 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 Bossier City is $137,085, with tax bills ranging significantly. For example, the highest median tax bill is $1,467 in the 71111 zip code, while the lowest median tax bill is $911 in the 71112 zip code. 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 Bossier City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bossier City Assessed Value
$137,085
Average Bossier County Assessed Value
$124,242
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bossier City, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71111 | $41,600 | $76,344 | $174,807 | $250,859 | $336,082 |
| 71112 | $43,391 | $69,000 | $112,272 | $168,902 | $224,316 |
Source: Ownwell
Property Tax Bills Across Bossier City, Louisiana
In Bossier City, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $137,085, the assessed value is determined by local assessment rules. Once the assessed value is established, local tax rates are applied to calculate the annual tax bill. Factors such as the property's location, improvements, and exemptions can influence the final amount. Homeowners in Bossier City experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $535, while at the 75th percentile, it rises to around $2048. The highest median tax bill in the area is $1467 in the 71111 zip code, whereas the lowest is $911 in the 71112 zip code. These variations significantly impact homeowners, influencing their financial planning and the affordability of homeownership. Comparing this to the national median property tax rate of 0.99%, Bossier City's property taxes can be seen as relatively moderate, affecting both new and long-term residents.
Average Bossier City Tax Bill
$1,157
Average Bossier County Tax Bill
$943
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bossier City, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71111 | $158 | $643 | $1,467 | $2,454 | $3,557 |
| 71112 | $145 | $429 | $911 | $1,570 | $2,221 |
Source: Ownwell