Cheneyville, Louisiana Property Taxes
The median property tax rate in Cheneyville, LA is 0.78%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $65,000 in Cheneyville, the typical annual property tax bill amounts to $509, significantly below the national median of $2,690. Property taxes in Cheneyville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Cheneyville'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 Cheneyville or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cheneyville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$507
$470
Ownwell’s Cheneyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cheneyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cheneyville 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 Cheneyville, Louisiana
Property taxes in Cheneyville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cheneyville is 0.78%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Cheneyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cheneyville 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 Cheneyville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the area with the highest median property tax rate in Evangeline County has a rate of 0.78%, while the area with the lowest median tax rate also stands at 0.78%. Understanding how these cities compare with Cheneyville provides valuable insights into the varying tax landscape across Evangeline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cheneyville Tax Rate
0.78%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cheneyville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71325 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Cheneyville, Louisiana
In Cheneyville, 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. Assessment notices in Cheneyville 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 Cheneyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Cheneyville's highest and lowest median tax bills are both $509 in the 71325 zip code.
Average Cheneyville Assessed Value
$65,000
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 Cheneyville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71325 | $19,370 | $34,900 | $65,000 | $89,000 | $146,850 |
Source: Ownwell
Property Tax Bills Across Cheneyville, Louisiana
In Cheneyville, located in Evangeline County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cheneyville is $65,000. The local tax authorities assess this value to determine the tax bill. Homeowners in Cheneyville pay a median property tax bill of $509, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property and the local tax rate. For example, the 25th percentile of tax bills is $273, while the 75th percentile reaches $697, indicating a range based on property valuations and applicable exemptions. The 90th percentile tax bill can go up to $1,150, reflecting higher-valued properties or fewer exemptions. These tax bills impact homeowners by determining their annual financial obligations towards property taxes, which can affect their overall cost of living and home affordability.
Average Cheneyville Tax Bill
$509
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Cheneyville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71325 | $152 | $273 | $509 | $697 | $1,150 |
Source: Ownwell