Bethany, Louisiana Property Taxes
The median property tax rate in Bethany, LA is 1.76%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Bethany, the typical annual property tax bill reaches $776, which is below the national median of $2,690. Property taxes in Bethany 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 Bethany'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 Bethany 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
Bethany, 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 Bethany Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bethany with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethany 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 Bethany, Louisiana
Property taxes in Bethany, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethany is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bethany set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethany 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 Bethany's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71007 zip code has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these areas compare with Bethany provides valuable insights into the varying tax landscape across Caddo Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethany Tax Rate
1.76%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethany, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71007 | 1.56% | 1.59% | 1.76% | 2.14% | 4.28% |
Source: Ownwell
Property Tax Assessment Values Across Bethany, Louisiana
In Bethany, 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 Caddo 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 Bethany, 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 Bethany helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 71007, with a value of $776.
Average Bethany Assessed Value
$44,561
Average Caddo County Assessed Value
$75,583
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethany, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71007 | $3,783 | $18,060 | $44,561 | $113,608 | $168,708 |
Source: Ownwell
Property Tax Bills Across Bethany, Louisiana
In Bethany, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to determine your annual property tax bill. In Bethany, the median home price is $44,561. Homeowners in Bethany can expect varied tax bills. For instance, the 25th percentile tax bill is around $385, while the 75th percentile tax bill is $1,815. At the higher end, the 90th percentile tax bill reaches $2,610. This range highlights the impact of property values and tax rates on individual tax liabilities. Compared to the national median property tax rate of 0.99%, Bethany's tax bills reflect the specific economic and property value conditions of the area. Understanding how these factors interplay can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Bethany Tax Bill
$776
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethany, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71007 | $165 | $385 | $776 | $1,815 | $2,610 |
Source: Ownwell