Keithville, Louisiana Property Taxes
The median property tax rate in Keithville, 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 Keithville, the typical annual property tax bill reaches $1,177, which is below the national median of $2,690. Property taxes in Keithville 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 Keithville'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 Keithville 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
Keithville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$1,190
Ownwell’s Keithville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keithville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keithville 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 Keithville, Louisiana
Property taxes in Keithville, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Keithville is 1.76%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Keithville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keithville 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 Keithville's effective property tax rate to other areas within Louisiana and the national median. For comparison, the zip code 71047 has both the highest and lowest median property tax rate at 1.76%. Understanding how these figures compare with Keithville 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 Keithville 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 Keithville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71047 | 1.57% | 1.65% | 1.76% | 2.04% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Keithville, Louisiana
In Keithville, 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 Keithville, 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 Keithville is $67,600, with tax bills ranging from $527 at the 25th percentile to $3,536 at the 90th percentile. The zip code with the highest median tax bill is 71047, amounting to $1,177. 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 Keithville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Keithville Assessed Value
$67,600
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 Keithville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71047 | $8,966 | $25,515 | $67,600 | $143,659 | $219,657 |
Source: Ownwell
Property Tax Bills Across Keithville, Louisiana
In Keithville, Caddo Parish, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. For homeowners in Keithville, the median home price is $67,600. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors influence the final tax bill, including property location, improvements, and exemptions. Homeowners in Keithville can expect their tax bills to vary widely. The 25th percentile tax bill is around $527, while the 75th percentile reaches $2,304, and the 90th percentile can go up to $3,536. This range indicates a significant variation in property tax burdens within the community. The median property tax rate in Keithville is notably lower than the national median property tax rate of 0.99%, making it relatively more affordable for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances effectively.
Average Keithville Tax Bill
$1,177
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Keithville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71047 | $237 | $527 | $1,177 | $2,304 | $3,536 |
Source: Ownwell