Acme, Louisiana Property Taxes
The median property tax rate in ACME, LA is 1.11%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in ACME, the typical annual property tax bill reaches $576, which is below the national median of $2,690. Property taxes in ACME 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 ACME'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 ACME 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
Acme, 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 ACME Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ACME with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ACME to project your property tax bill. This insightful tool aids in understanding potential tax liabilities, offering clarity and foresight in financial planning. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the figure assigned by Concordia County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Acme, Louisiana
Property taxes in ACME, LA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ACME is 1.11%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within ACME set these rates annually, and they can vary significantly across different neighborhoods. Each year, ACME 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 ACME's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71316 zip code has the highest median property tax rate of 1.11%, while the 71316 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with ACME provides valuable insights into the varying tax landscape across Concordia, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acme Tax Rate
1.11%
Average Concordia County Tax Rate
1.05%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acme, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71316 | 1.11% | 1.11% | 1.11% | 1.25% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Acme, Louisiana
In ACME, 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 Concordia 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 ACME, 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 ACME helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the Concordia County, the zip code 71316 has the highest median tax bill of $576.00.
Average Acme Assessed Value
$46,600
Average Concordia County Assessed Value
$41,300
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acme, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71316 | $6,058 | $18,700 | $46,600 | $62,180 | $106,284 |
Source: Ownwell
Property Tax Bills Across Acme, Louisiana
In ACME, located in Concordia County, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $46,600, the assessed value is determined by local tax authorities. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the local tax rate and any applicable exemptions or deductions. In ACME, the tax bills vary significantly, with the 25th percentile at $208 and the 75th percentile reaching $779. The 90th percentile can go up to $1,213, indicating a wide range of tax obligations among homeowners. These property taxes fund essential community services such as public schools, infrastructure, and emergency services. For homeowners, understanding these factors and how they are applied can provide clarity and help in financial planning. The local median tax bill is $576, which can be compared to the national median property tax rate of 0.99% to gauge relative affordability.
Average Acme Tax Bill
$576
Average Concordia County Tax Bill
$467
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Acme, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71316 | $140 | $208 | $576 | $779 | $1,213 |
Source: Ownwell