Eunice, Louisiana Property Taxes
The median property tax rate in Eunice, LA is 0.81%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Eunice at $85,000, the typical annual property tax bill is $675, significantly below the national median of $2,690. Property taxes in Eunice 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 Eunice'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 Eunice 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
Eunice, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$689
$639
Ownwell’s Eunice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eunice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eunice 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 Eunice, Louisiana
Property taxes in Eunice, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eunice is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Eunice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eunice 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 Eunice's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70535 zip code has the highest median property tax rate of 0.81%, while the same 70535 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Eunice 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 Eunice Tax Rate
0.81%
Average Evangeline County Tax Rate
0.78%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eunice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70535 | 0.71% | 0.74% | 0.81% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Eunice, Louisiana
In Eunice, 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 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 Eunice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the 70535 zip code is $675, with the 25th percentile at $416 and the 75th percentile at $1,221.
Average Eunice Assessed Value
$85,000
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 Eunice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70535 | $28,500 | $55,000 | $85,000 | $150,000 | $221,300 |
Source: Ownwell
Property Tax Bills Across Eunice, Louisiana
Property tax bills in Eunice, located in Evangeline Parish, Louisiana, are calculated based on the assessed value of the property and the local tax rate. Homeowners can expect their property to be assessed at a percentage of its market value, which is then multiplied by the tax rate to determine the annual tax bill. For example, with a median home price of $85,000, the tax bill can range significantly. The 25th percentile tax bill is approximately $416, while the 75th percentile can reach up to $1,221. At the higher end, the 90th percentile tax bill is around $1,748. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Eunice may find their property tax bills to be relatively moderate. Understanding these calculations helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Eunice Tax Bill
$675
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Eunice, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70535 | $225 | $416 | $675 | $1,221 | $1,748 |
Source: Ownwell