Lake Arthur, Cameron County, Louisiana Property Taxes
The median property tax rate in Lake Arthur, LA is 1.07%, which is higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With the median home value in Lake Arthur, the typical annual property tax bill reaches $81, falling significantly below the national median of $2,690. Property taxes in Lake Arthur 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 Lake Arthur'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 Lake Arthur 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
Lake Arthur, Cameron County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$87
$81
Ownwell’s Lake Arthur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Arthur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Arthur 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 Lake Arthur, Cameron County, Louisiana
Property taxes in Lake Arthur, Louisiana, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Arthur is 0.53%, which is significantly lower than the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Lake Arthur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Arthur 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 Lake Arthur's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70549 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Lake Arthur provides valuable insights into the varying tax landscape across Jefferson Davis Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Arthur Tax Rate
1.07%
Average Cameron County Tax Rate
1.22%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Arthur, Cameron County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70549 | 1.06% | 1.07% | 1.07% | 1.07% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Lake Arthur, Cameron County, Louisiana
In Lake Arthur, 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 Lake Arthur, 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 median home price in Lake Arthur is $8,155. The lowest tax bills are in zip codes with the 25th percentile at $32, while the highest tax bills are in zip codes with the 90th percentile at $285. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lake Arthur, Cameron County, Louisiana
Source: Ownwell
$8,155
$38,038
$67,920
Average Lake Arthur Assessed Value
$8,155
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 Lake Arthur, Cameron County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70549 | $1,920 | $3,225 | $8,155 | $20,048 | $46,175 |
Source: Ownwell
Property Tax Bills Across Lake Arthur, Cameron County, Louisiana
In Lake Arthur, Cameron County, LA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this percentage can vary depending on local regulations. Once the assessed value is established, the property tax rate, also known as the millage rate, is applied to calculate the tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions or deductions. For instance, properties in Lake Arthur have a median home price of $8,155. Homeowners in the 25th percentile can expect a tax bill of around $32, while those in the 75th percentile might see a tax bill of approximately $123. At the 90th percentile, the tax bill can go up to $285. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Lake Arthur's tax rates offer a unique perspective on local property tax burdens.
Average Lake Arthur Tax Bill
$81
Average Cameron County Tax Bill
$465
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Arthur, Cameron County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70549 | $23 | $32 | $81 | $123 | $285 |
Source: Ownwell