Jonesville, Louisiana Property Taxes
The median property tax rate in Jonesville, LA is 1.11%, which is notably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Jonesville at $43,600, the typical annual property tax bill amounts to $499, surpassing the national median of $2,690. Property taxes in Jonesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Jonesville'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 Jonesville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$484
Ownwell’s Jonesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesville 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 Jonesville, Louisiana
Property taxes in Jonesville, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesville stands at 1.11%, surpassing both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Jonesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesville 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 Jonesville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71343 has the highest median property tax rate of 1.11%, while the same zip code 71343 also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Jonesville provides valuable insights into the varying tax landscape across Concordia Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesville 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 Jonesville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71343 | 1.05% | 1.05% | 1.11% | 1.11% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Jonesville, Louisiana
In Jonesville, 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 Jonesville, 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 example, the zip code 71343 has the highest median tax bill at $499. By being aware of these valuation processes in Jonesville, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jonesville Assessed Value
$43,600
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 Jonesville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71343 | $6,920 | $17,200 | $43,600 | $83,500 | $147,820 |
Source: Ownwell
Property Tax Bills Across Jonesville, Louisiana
In Jonesville, 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. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $43,600, the tax burden can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $203, while those in the 75th percentile might see a bill closer to $997. At the higher end, the 90th percentile tax bill can reach up to $1,825. Several factors influence the property tax bill, including changes in property values, local tax rates, and any applicable exemptions. This variation in tax bills can impact homeowners differently, with some facing higher financial burdens than others. Compared to the national median property tax rate of 0.99%, Jonesville offers relatively affordable property tax rates, making it a potentially attractive option for budget-conscious homeowners.
Average Jonesville Tax Bill
$499
Average Concordia County Tax Bill
$467
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71343 | $76 | $203 | $499 | $997 | $1,825 |
Source: Ownwell