Hackberry, Louisiana Property Taxes
The median property tax rate in Hackberry, LA is 1.52%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Hackberry at $53,725, the typical annual property tax bill reaches $650, which is significantly below the national median of $2,690. Property taxes in Hackberry 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 Hackberry'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 Hackberry 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
Hackberry, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Hackberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hackberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hackberry 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 Hackberry, Louisiana
Property taxes in Hackberry, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hackberry is 0.33%, significantly lower than both the Louisiana state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Hackberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hackberry 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 Hackberry's effective property tax rate to other regions in Louisiana and the national median. For comparison, the highest median property tax rate in the area is 0.51%, while the lowest median tax rate is also 0.33%. Understanding how these cities compare with Hackberry provides valuable insights into the varying tax landscape across Cameron Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hackberry Tax Rate
1.52%
Average Cameron County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hackberry, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70645 | 0.28% | 0.76% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Hackberry, Louisiana
In Hackberry, 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 Cameron 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 Hackberry, 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. The highest median tax bill in Hackberry is $650.00 in the 70645 zip code, while the lowest median tax bill is also $650.00 in the same 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 Hackberry Assessed Value
$53,725
Average Cameron County Assessed Value
$47,775
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hackberry, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70645 | $9,352 | $25,704 | $53,725 | $99,870 | $190,675 |
Source: Ownwell
Property Tax Bills Across Hackberry, Louisiana
In Hackberry, property tax bills are calculated based on the assessed value of the home, which is derived from the market value. Homeowners in Cameron County can expect their tax bills to vary significantly, with the 25th percentile at $278 and the 75th percentile reaching $2,068. The highest median tax bill in the area is $650, specifically in the 70645 zip code. Several factors influence the tax bill, including the property's assessed value and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the local tax assessor. This assessed value is then multiplied by the tax rate to calculate the annual property tax bill. For homeowners, this means that fluctuations in property values and changes in the local tax rate can significantly impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Hackberry's property tax landscape offers a unique perspective on how local factors can affect homeowners' financial responsibilities.
Average Hackberry Tax Bill
$650
Average Cameron County Tax Bill
$465
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Hackberry, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70645 | $102 | $278 | $650 | $2,068 | $3,157 |
Source: Ownwell