Mooringsport, Louisiana Property Taxes
The median property tax rate in Mooringsport, LA is 1.74%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Mooringsport at $42,487, the typical annual property tax bill reaches $727, which is significantly lower than the national median of $2,690. Property taxes in Mooringsport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural use. Understanding Mooringsport'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 Mooringsport 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
Mooringsport, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$739
Ownwell’s Mooringsport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mooringsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mooringsport 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 Mooringsport, Louisiana
Property taxes in Mooringsport, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mooringsport is 1.74%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Mooringsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mooringsport 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 Mooringsport's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71060 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these rates compare with Mooringsport 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 Mooringsport Tax Rate
1.74%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mooringsport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71060 | 1.55% | 1.63% | 1.74% | 1.92% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Mooringsport, Louisiana
In Mooringsport, 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 Mooringsport, 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 Mooringsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Mooringsport are both $727, found in the 71060 zip code.
Average Mooringsport Assessed Value
$42,487
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 Mooringsport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71060 | $8,251 | $19,068 | $42,487 | $78,918 | $144,507 |
Source: Ownwell
Property Tax Bills Across Mooringsport, Louisiana
In Mooringsport, Caddo Parish, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Mooringsport is $42,487. Property taxes are determined by applying the local tax rate to the assessed value of the home. For example, the tax bill for the 25th percentile is $367, while for the 75th percentile, it is $1,317, and for the 90th percentile, it reaches $2,233. Several factors influence the property tax bill, including property size, location, and any improvements made to the property. Homeowners in Mooringsport should be aware that property taxes can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, the tax rates in Mooringsport could be considered moderate, but they vary based on specific property assessments. Understanding these factors can help homeowners budget accordingly and potentially seek exemptions or appeals if they believe their property is over-assessed.
Average Mooringsport Tax Bill
$727
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mooringsport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71060 | $192 | $367 | $727 | $1,317 | $2,233 |
Source: Ownwell