Shreveport, Louisiana Property Taxes
The median property tax rate in Shreveport, LA is 1.59%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $81,643 in Shreveport, the typical annual property tax bill is $1,278, which is below the national median of $2,690. Property taxes in Shreveport are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shreveport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shreveport or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shreveport, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,298
Ownwell’s Shreveport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shreveport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shreveport 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 Shreveport, Louisiana
Property taxes in Shreveport, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shreveport is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shreveport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shreveport 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 Shreveport's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71136 zip code has the highest median property tax rate of 1.65%, while the 71115 zip code has the lowest median tax rate of 1.59%. Understanding how these areas compare with Shreveport 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 Shreveport Tax Rate
1.59%
Average Caddo County Tax Rate
1.59%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71101 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71103 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71104 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71105 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71106 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71107 | 1.52% | 1.59% | 1.59% | 1.65% | 1.91% |
| 71108 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71109 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71115 | 1.56% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71118 | 1.54% | 1.59% | 1.59% | 1.59% | 1.59% |
| 71119 | 1.54% | 1.59% | 1.59% | 1.59% | 1.60% |
| 71129 | 1.56% | 1.59% | 1.59% | 1.59% | 1.74% |
| 71136 | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Shreveport, Louisiana
In Shreveport, 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 Shreveport, 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. For instance, the highest median tax bill in Shreveport is $2,869 in the 71115 zip code, while the lowest is $395 in the 71103 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shreveport Assessed Value
$81,643
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 Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71101 | $15,071 | $20,626 | $30,250 | $42,234 | $63,331 |
| 71103 | $15,769 | $19,458 | $24,844 | $35,484 | $54,436 |
| 71104 | $29,622 | $43,002 | $76,651 | $118,997 | $184,811 |
| 71105 | $91,268 | $108,228 | $131,906 | $169,288 | $220,288 |
| 71106 | $20,910 | $36,272 | $132,661 | $282,234 | $441,010 |
| 71107 | $14,189 | $29,870 | $56,639 | $118,902 | $190,586 |
| 71108 | $19,487 | $27,615 | $40,593 | $59,656 | $87,219 |
| 71109 | $17,773 | $22,763 | $31,091 | $46,448 | $80,112 |
| 71115 | $94,099 | $126,545 | $182,261 | $282,109 | $371,707 |
| 71118 | $67,321 | $86,268 | $111,579 | $141,207 | $180,823 |
| 71119 | $31,402 | $75,620 | $116,453 | $171,239 | $245,526 |
| 71129 | $6,762 | $25,269 | $92,898 | $148,133 | $212,843 |
| 71136 | $47,603 | $47,603 | $47,603 | $47,603 | $47,603 |
Source: Ownwell
Property Tax Bills Across Shreveport, Louisiana
In Shreveport, located in Caddo County, LA, property tax bills are calculated based on the assessed value of a homeowner's property. The local tax assessor determines this assessed value, which is typically a percentage of the property's market value. Various factors such as property size, location, and improvements made to the property are considered in this assessment. Homeowners in Shreveport can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $553, while the 75th percentile tax bill reaches approximately $2,335. The 90th percentile tax bill can go as high as $3,956, indicating a wide range in property tax obligations. The highest median tax bill in the city is found in zip code 71115, amounting to $2,869, whereas the lowest median tax bill is $395 in zip code 71103. These property taxes directly impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Shreveport's tax rates can be seen as more favorable or burdensome, depending on the specific property and its assessed value.
Average Shreveport Tax Bill
$1,278
Average Caddo County Tax Bill
$1,209
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Shreveport, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71101 | $242 | $329 | $481 | $675 | $1,010 |
| 71103 | $249 | $309 | $395 | $560 | $851 |
| 71104 | $467 | $683 | $1,211 | $1,882 | $2,917 |
| 71105 | $1,402 | $1,691 | $2,068 | $2,659 | $3,458 |
| 71106 | $336 | $580 | $2,080 | $4,473 | $7,010 |
| 71107 | $256 | $495 | $910 | $1,827 | $3,019 |
| 71108 | $310 | $440 | $644 | $943 | $1,373 |
| 71109 | $283 | $362 | $494 | $734 | $1,254 |
| 71115 | $1,472 | $1,973 | $2,869 | $4,460 | $5,896 |
| 71118 | $1,052 | $1,346 | $1,752 | $2,220 | $2,841 |
| 71119 | $521 | $1,188 | $1,821 | $2,666 | $3,850 |
| 71129 | $122 | $438 | $1,471 | $2,342 | $3,348 |
| 71136 | $787 | $787 | $787 | $787 | $787 |
Source: Ownwell