Ville Platte, Louisiana Property Taxes
The median property tax rate in Ville Platte, 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 $60,000 in Ville Platte, the typical annual property tax bill amounts to $460, significantly below the national median of $2,690. Property taxes in Ville Platte are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ville Platte'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 Ville Platte or another part of the city, getting a grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ville Platte, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$468
$434
Ownwell’s Ville Platte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ville Platte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ville Platte 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 Ville Platte, Louisiana
Property taxes in Ville Platte, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ville Platte 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 Ville Platte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ville Platte 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 Ville Platte's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70586 has both the highest and lowest median property tax rate of 0.78%. Understanding how these rates compare with Ville Platte 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 Ville Platte 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 Ville Platte, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70586 | 0.68% | 0.68% | 0.78% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Ville Platte, Louisiana
In Ville Platte, 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 Ville Platte, 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 Ville Platte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Evangeline Parish, the median home price is $60,000. The tax bills range significantly, with the 25th percentile at $239, the 75th percentile at $819, and the 90th percentile reaching $1,338. The highest and lowest median tax bill is $460, found in the zip code 70586.
Average Ville Platte Assessed Value
$60,000
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 Ville Platte, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70586 | $17,320 | $30,000 | $60,000 | $104,425 | $176,000 |
Source: Ownwell
Property Tax Bills Across Ville Platte, Louisiana
In Ville Platte, located in Evangeline Parish, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. With a median home price of $60,000, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. For instance, a typical tax bill in Ville Platte can range widely. At the 25th percentile, homeowners might pay around $239, while those at the 75th percentile could see bills as high as $819. At the 90th percentile, tax bills can reach up to $1,338. The highest median tax bill recorded in the area is $460, which is significantly below the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Ville Platte residents. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Ville Platte Tax Bill
$460
Average Evangeline County Tax Bill
$464
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ville Platte, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70586 | $143 | $239 | $460 | $819 | $1,338 |
Source: Ownwell