Chataignier, Louisiana Property Taxes
The median property tax rate in Chataignier, LA is 0.74%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $36,500 in Chataignier, the typical annual property tax bill is $268, significantly below the national median of $2,690. Property taxes in Chataignier are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Chataignier's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Chataignier 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
Chataignier, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$270
$251
Ownwell’s Chataignier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chataignier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chataignier 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 Chataignier, Louisiana
Property taxes in Chataignier, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chataignier is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Chataignier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chataignier 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 Chataignier's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70524 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Chataignier provides valuable insights into the varying tax landscape across Evangeline Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chataignier Tax Rate
0.74%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chataignier, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70524 | 0.74% | 0.74% | 0.74% | 0.74% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Chataignier, Louisiana
In Chataignier, 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 Chataignier, 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 Chataignier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70524 has the highest median tax bill at $268, while the lowest is also in the same zip code at $268.
Average Chataignier Assessed Value
$36,500
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 Chataignier, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70524 | $11,800 | $26,000 | $36,500 | $57,000 | $74,200 |
Source: Ownwell
Property Tax Bills Across Chataignier, Louisiana
Property tax bills in Chataignier, located in Evangeline Parish, LA, are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area experience a median tax bill of $268, which aligns with both the highest and lowest median tax bills reported in the region. The assessed value of a home is a critical factor, as it directly influences the amount of property tax owed. For instance, with a median home price of $36,500, the tax bills can range significantly. At the 25th percentile, homeowners might pay about $197, while those at the 75th percentile could see bills around $419. The 90th percentile tax bill reaches up to $558. These variations highlight how different factors, such as property value and local tax rates, affect what homeowners ultimately pay. Compared to the national median property tax rate of 0.99%, Chataignier's rates offer a more affordable option for property owners, making it an attractive location for those looking to manage their property tax expenses effectively.
Average Chataignier Tax Bill
$268
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Chataignier, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70524 | $87 | $197 | $268 | $419 | $558 |
Source: Ownwell