Pollock, Louisiana Property Taxes
The median property tax rate in Pollock, LA is 1.55%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Pollock, the typical annual property tax bill reaches $989, which is below the national median of $2,690. Property taxes in Pollock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pollock'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 Pollock or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pollock, 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 Pollock Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Pollock. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate for Pollock to provide an accurate estimate of your property tax bill. This powerful tool offers a clear picture of your potential tax liabilities, allowing you to plan your finances better. For those interested in more granular details, scroll down to explore trends at the neighborhood level. Remember, your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation.
Property Tax Rates Across Pollock, Louisiana
Property taxes in Pollock, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pollock is 1.55%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Pollock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollock 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 Pollock's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71467 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Pollock provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pollock Tax Rate
1.55%
Average Grant County Tax Rate
1.57%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pollock, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71467 | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Pollock, Louisiana
In Pollock, 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 Grant County Appraisal District 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 Pollock 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 Pollock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Pollock are both $989, found in the 71467 zip code.
Average Pollock Assessed Value
$64,510
Average Grant County Assessed Value
$52,470
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pollock, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71467 | $10,524 | $27,750 | $64,510 | $119,250 | $178,370 |
Source: Ownwell
Property Tax Bills Across Pollock, Louisiana
In Pollock, located in Grant County, LA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Pollock is $64,510. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property size, location, and any applicable exemptions are considered in the assessment process. Homeowners in Pollock can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $429, while at the 75th percentile, they reach up to $1,844. For those at the 90th percentile, tax bills can be as high as $2,759. These figures indicate a wide range in tax liabilities, influenced by property values and individual circumstances. Comparatively, the national median property tax rate is 0.99%, which helps to put Pollock's tax rates into perspective for homeowners looking to understand their financial obligations.
Average Pollock Tax Bill
$989
Average Grant County Tax Bill
$835
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Pollock, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71467 | $162 | $429 | $989 | $1,844 | $2,759 |
Source: Ownwell