Hosston, Louisiana Property Taxes
The median property tax rate in Hosston, LA is 1.82%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Hosston at $26,338, the typical annual property tax bill reaches $495, which is significantly lower than the national median of $2,690. Property taxes in Hosston 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 Hosston'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 Hosston 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
Hosston, 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 Hosston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hosston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hosston 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 Hosston, Louisiana
Property taxes in Hosston, Louisiana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Hosston is 1.82%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Hosston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hosston 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 Hosston's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71043 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these areas compare with Hosston 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 Hosston Tax Rate
1.82%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hosston, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71043 | 1.61% | 1.68% | 1.82% | 2.20% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Hosston, Louisiana
In Hosston, 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's Office 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 Hosston, 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. For instance, the median home price in Hosston is $26,338, with tax bills ranging from $254 at the 25th percentile to $1,487 at the 90th percentile. The highest and lowest median tax bills are both $495, found in the 71043 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 manage their tax burden effectively.
Average Hosston Assessed Value
$26,338
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 Hosston, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71043 | $4,788 | $11,968 | $26,338 | $52,023 | $91,474 |
Source: Ownwell
Property Tax Bills Across Hosston, Louisiana
In Hosston, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by Caddo County. The median home price in Hosston is $26,338, which provides a baseline for understanding property tax obligations. Homeowners in this area can expect tax bills that vary significantly, with the 25th percentile tax bill at $254 and the 75th percentile at $881. At the higher end, the 90th percentile tax bill reaches $1,487. These tax bills are influenced by several factors, including property assessments and local government tax rates. The highest and lowest median tax bills in Hosston both stand at $495, indicating some consistency in tax expectations within the zip code 71043. When compared to the national median property tax rate of 0.99%, the property tax rates in Hosston offer a unique perspective for homeowners, influencing their overall financial planning and housing affordability. Understanding these factors helps homeowners anticipate their annual property tax liabilities and manage their finances accordingly.
Average Hosston Tax Bill
$495
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Hosston, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71043 | $138 | $254 | $495 | $881 | $1,487 |
Source: Ownwell