Clayton, Louisiana Property Taxes
The median property tax rate in Clayton, LA is 1.02%, which is higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $19,140 in Clayton, the typical annual property tax bill comes to $198, which is significantly lower than the national median of $2,690. Property taxes in Clayton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clayton'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 Clayton or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clayton, 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 Clayton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clayton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Clayton to project your property tax bill. This valuable tool provides clarity on potential tax liabilities, helping you make informed decisions. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Clayton, Louisiana
Property taxes in Clayton, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 0.92%, which is lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71326 zip code has the highest median property tax rate of 0.92%, while the same zip code has the lowest median tax rate of 0.92%. Understanding how these cities compare with Clayton 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 Clayton Tax Rate
1.02%
Average Concordia County Tax Rate
1.05%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71326 | 1.02% | 1.02% | 1.02% | 1.02% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Louisiana
In Clayton, 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's Office 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 Clayton, 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 Clayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clayton, the highest and lowest median tax bill is $198.00 in the zip code 71326.
Average Clayton Assessed Value
$19,140
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 Clayton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71326 | $5,850 | $11,100 | $19,140 | $39,025 | $68,605 |
Source: Ownwell
Property Tax Bills Across Clayton, Louisiana
In Clayton, located in Concordia County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as location, property size, and home improvements can influence the assessed value. The median home price in Clayton is $19,140, with property tax bills ranging from the 25th percentile at $115 to the 75th percentile at $402, and reaching up to the 90th percentile at $720. Compared to the national median property tax rate of 0.99%, homeowners in Clayton experience a relatively lower tax burden. However, even within the city, tax bills can vary significantly based on individual property assessments. For homeowners, understanding these factors is crucial as they directly impact annual expenses and overall affordability. By keeping track of local tax rates and property values, homeowners can better anticipate their financial obligations and plan accordingly.
Average Clayton Tax Bill
$198
Average Concordia County Tax Bill
$467
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71326 | $62 | $115 | $198 | $402 | $720 |
Source: Ownwell