Kelly, Louisiana Property Taxes
The median property tax rate in Kelly, LA is 1.39%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Kelly, the typical annual property tax bill reaches $510, which is significantly lower than the national median of $2,690. Property taxes in Kelly 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 Kelly'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 Kelly 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
Kelly, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$509
$472
Ownwell’s Kelly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelly 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 Kelly, Louisiana
Property taxes in Kelly, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kelly is 0.37%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Kelly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelly 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 Kelly's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71441 zip code has the highest median property tax rate of 0.37%, while the same 71441 zip code also has the lowest median tax rate of 0.37%. Understanding how these cities compare with Kelly provides valuable insights into the varying tax landscape across Caldwell Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kelly Tax Rate
1.39%
Average Caldwell County Tax Rate
1.34%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kelly, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71441 | 1.29% | 1.38% | 1.39% | 1.39% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Kelly, Louisiana
In Kelly, 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 Caldwell County Appraisal District 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 Kelly, 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 Kelly 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 Kelly are both $510, found in the 71441 zip code.
Average Kelly Assessed Value
$36,621
Average Caldwell County Assessed Value
$39,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kelly, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71441 | $8,008 | $19,730 | $36,621 | $58,650 | $87,487 |
Source: Ownwell
Property Tax Bills Across Kelly, Louisiana
In Kelly, located in Caldwell County, LA, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Kelly, the median home price stands at $36,621. Property tax bills can vary significantly, with the 25th percentile paying around $268 and the 75th percentile paying approximately $799 annually. At the higher end, the 90th percentile sees tax bills reaching up to $1,218. These tax bills are influenced by several factors, including the assessed value of the property and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Kelly's property tax rates are relatively low. This can be beneficial for homeowners, as lower property taxes can make homeownership more affordable and can potentially increase the attractiveness of the area for new buyers.
Average Kelly Tax Bill
$510
Average Caldwell County Tax Bill
$527
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Kelly, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71441 | $113 | $268 | $510 | $799 | $1,218 |
Source: Ownwell