Ida, Louisiana Property Taxes
The median property tax rate in Ida, LA is 1.72%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ida at $38,400, the typical annual property tax bill reaches $656, exceeding the national median of $2,690. Property taxes in Ida 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 Ida'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 Ida or another part of Caddo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ida, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$660
Ownwell’s IDA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in IDA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in IDA 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 Ida, Louisiana
Property taxes in IDA, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in IDA is 1.72%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within IDA set these rates annually, and they can vary significantly across different neighborhoods. Each year, IDA 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 IDA's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 71044 has both the highest and lowest median property tax rate in the region at 1.72%. Understanding how these areas compare with IDA provides valuable insights into the varying tax landscape across Caddo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ida Tax Rate
1.72%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ida, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71044 | 1.58% | 1.63% | 1.72% | 1.91% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Ida, Louisiana
In IDA, 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 IDA, 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 IDA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in the 71044 zip code, amounting to $656.00 annually.
Average Ida Assessed Value
$38,400
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 Ida, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71044 | $6,358 | $17,081 | $38,400 | $71,920 | $131,053 |
Source: Ownwell
Property Tax Bills Across Ida, Louisiana
In IDA, located in Caddo County, LA, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in IDA, the median home price is $38,400. Property tax bills can vary significantly, with the 25th percentile at $339 and the 75th percentile at $1167. At the 90th percentile, tax bills can reach up to $1903. Notably, the highest and lowest median tax bills in the area are both $656, found in the zip code 71044. These property taxes fund essential community services like schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, homeowners in IDA may find their property tax rates to be relatively manageable, depending on their home's assessed value and specific circumstances.
Average Ida Tax Bill
$656
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ida, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71044 | $170 | $339 | $656 | $1,167 | $1,903 |
Source: Ownwell