Greenwell Springs, Louisiana Property Taxes
The median property tax rate in Greenwell Springs, LA is 0.89%, which is slightly below both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Greenwell Springs at $196,300, the typical annual property tax bill amounts to $1,786, which is lower than the national median of $2,690. Property taxes in Greenwell Springs are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Greenwell Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greenwell Springs 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
Greenwell Springs, 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 Greenwell Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenwell Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenwell Springs 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 East Baton Rouge County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Greenwell Springs, Louisiana
Property taxes in Greenwell Springs, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenwell Springs is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenwell Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenwell Springs 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 Greenwell Springs' effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70739 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Greenwell Springs provides valuable insights into the varying tax landscape across East Baton Rouge, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenwell Springs Tax Rate
0.89%
Average East Baton Rouge County Tax Rate
0.90%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenwell Springs, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70739 | 0.43% | 0.71% | 0.89% | 1.03% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Greenwell Springs, Louisiana
In Greenwell Springs, Louisiana, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the East Baton Rouge Parish Assessor for tax purposes. Conversely, 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 Greenwell Springs, 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 Greenwell Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,786, found in zip code 70739.
Property Tax Assessment Values Across Greenwell Springs, Louisiana
Source: Ownwell
$19,300
$183,800
$348,300
Average Greenwell Springs Assessed Value
$196,300
Average East Baton Rouge County Assessed Value
$153,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenwell Springs, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70739 | $90,000 | $141,400 | $196,300 | $265,000 | $342,790 |
Source: Ownwell
Property Tax Bills Across Greenwell Springs, Louisiana
Property tax bills in Greenwell Springs, located in East Baton Rouge County, LA, are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value, which is determined by local tax assessors. In this region, homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,001, while the 75th percentile reaches up to $2,641, and the 90th percentile can be as high as $3,663. Factors that influence these tax bills include the property's market value, local tax rates, and any applicable exemptions. The median home price in Greenwell Springs is $196,300, and while the national median property tax rate is 0.99%, local rates can differ. These tax bills have a direct impact on homeowners, affecting their annual expenses and overall cost of homeownership. By understanding how these factors interplay, homeowners can better anticipate their property tax obligations and plan their finances accordingly.
Average Greenwell Springs Tax Bill
$1,786
Average East Baton Rouge County Tax Bill
$1,304
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenwell Springs, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70739 | $372 | $1,001 | $1,786 | $2,641 | $3,663 |
Source: Ownwell