Basile, Louisiana Property Taxes
The median property tax rate in Basile, LA is 1.14%, 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 $41,000 in Basile, the typical annual property tax bill amounts to $445, which is significantly lower than the national median of $2,690. Property taxes in Basile 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 Basile'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 Basile 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
Basile, 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 Basile Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Basile. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Basile to provide an accurate estimate of your property tax bill. This easy-to-use tool helps you understand potential tax liabilities, allowing for better financial planning. For those interested in more detailed insights, scrolling down will reveal trends and localized information at the neighborhood level. Your property's assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Basile, Louisiana
Property taxes in Basile, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Basile is 1.14%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Basile set these rates annually, and they can vary significantly across different neighborhoods. Each year, Basile 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 Basile's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70515 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Basile provides valuable insights into the varying tax landscape across Evangeline, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Basile Tax Rate
1.14%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Basile, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70515 | 0.83% | 0.83% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Basile, Louisiana
In Basile, 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 Evangeline 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 Basile, 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 Basile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 70515, both at $445, reflecting the localized tax variations within the area.
Average Basile Assessed Value
$41,000
Average Evangeline County Assessed Value
$60,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Basile, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70515 | $16,000 | $22,000 | $41,000 | $79,000 | $144,600 |
Source: Ownwell
Property Tax Bills Across Basile, Louisiana
In Basile, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. For instance, with a median home price of $41,000, the assessed value is used to determine the tax liability. Several factors influence the tax bill, including the property’s location, size, and any applicable exemptions. Homeowners in Basile can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $247, while at the 75th percentile, they reach approximately $741. For those in the 90th percentile, the tax bill can be as high as $1,284. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Basile’s property tax bills reflect the community’s specific economic and market conditions, impacting homeowners differently based on their property values.
Average Basile Tax Bill
$445
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Basile, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70515 | $177 | $247 | $445 | $741 | $1,284 |
Source: Ownwell