Lake Providence, East Carroll County, Louisiana Property Taxes
Median Lake Providence, LA effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Lake Providence, LA home value: $29,344
Median annual Lake Providence, LA tax bill: $201, $2,199 lower than the national median property tax bill of $2,400.
How are property taxes in East Carroll calculated?
Property taxes in Lake Providence, LA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lake Providence’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Providence, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake Providence, East Carroll County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$346
$321
Property Tax Rates Across Lake Providence, East Carroll County, Louisiana
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This variation occurs because each county, such as East Carroll in Louisiana, estimates its necessary budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This process results in the property tax rate for the area. While setting these rates involves votes and legislation, this calculation is the core of the annual process.
In Lake Providence, located in East Carroll, the effective property tax rate is 1.18%, which aligns with the highest and lowest rates within the same region. This rate is notably higher than the national median property tax rate of 1.02%. Comparing this to the national median property tax bill of $2,400, residents in Lake Providence might find themselves paying more due to the higher rate. Understanding these rates can help property owners make informed decisions about their property tax appeals and exemptions, potentially leading to significant savings.
Property Tax Rates Across Lake Providence, East Carroll County, Louisiana
Source: Ownwell
1.18%
1.18%
1.18%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake Providence Tax Rate
1.18%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective East Carroll County Tax Rate
1.18%
Median Effective Louisiana Tax Rate
0.91%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Providence, East Carroll County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71254 | 0.18% | 0.18% | 1.18% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lake Providence, East Carroll County, Louisiana
When examining property taxes in Lake Providence, LA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The East Carroll Parish Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In East Carroll Parish, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Providence. For example, the median home price in Lake Providence is $29,344, with tax bills ranging significantly across the county. Zip code 71254 has the highest median home price at $29,344.
Property Tax Assessment Values Across Lake Providence, East Carroll County, Louisiana
Source: Ownwell
$29,344
$41,601
$53,857
Median Lake Providence Market Value
$29,344
Median East Carroll County Market Value
$30,550
Median Louisiana Market Value
$105,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Providence, East Carroll County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71254 | $7,247 | $14,239 | $29,344 | $61,669 | $136,838 |
Source: Ownwell
Property Tax Bills Across Lake Providence, East Carroll County, Louisiana
In Lake Providence, situated in East Carroll County, LA, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor, who evaluates the property's market value and applies the state’s assessment ratio. Homeowners in this area typically face a median property tax bill of $201, significantly lower than the national median of $2,400. Such a disparity highlights the impact of local economic conditions and property values on tax obligations. Factors influencing these bills include the property's location, size, and improvements, as well as local government budgets.
For homeowners, understanding these assessments can be crucial to managing finances. Ownwell assists by offering expert property tax appeal services, ensuring that homeowners are not overpaying on their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps secure potential savings. This service is invaluable in a region where even a small adjustment can represent a significant percentage of the overall tax bill.
Property Tax Bills Across Lake Providence, East Carroll County, Louisiana
Source: Ownwell
$201
$337
$473
Median Lake Providence Tax Bill
$201
Median East Carroll County Tax Bill
$224
Median Louisiana Tax Bill
$865
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Providence, East Carroll County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71254 | $40 | $76 | $201 | $556 | $1,384 |
Source: Ownwell