Iberia County, Louisiana Property Taxes
The median property tax rate in Iberia is 0.82%, 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 Iberia, the typical annual property tax bill is $580, significantly below the national median of $2,690. Property taxes in Iberia are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Iberia's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in New Iberia or another part of Iberia, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Iberia County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$562
$521
Ownwell’s Iberia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Iberia with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Iberia to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Iberia County, Louisiana
Property taxes in Iberia play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Iberia is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Iberia set these rates annually, and they can vary significantly between different areas within the county. Each year, Iberia estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Iberia's effective property tax rate with other counties in Louisiana and the national median. For comparison, the city of Jeanerette has one of the higher property tax rates in Louisiana at 1.05%, while the city of Lydia boasts one of the lowest at 0.77%. Analyzing how Iberia's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Iberia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Iberia County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avery Island | 0.77% | 0.82% | 0.82% | 0.82% | 0.82% |
| Broussard | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
| Delcambre | 0.78% | 0.78% | 0.78% | 0.78% | 0.82% |
| Erath | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
| Jeanerette | 0.77% | 0.77% | 1.05% | 1.05% | 1.05% |
| Loreauville | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
| Lydia | N/A | N/A | N/A | N/A | N/A |
| New Iberia | 0.77% | 0.81% | 0.82% | 0.90% | 0.90% |
| Saint Martinville | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
| Youngsville | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Iberia County, Louisiana
In Iberia, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Iberia Appraisal District. The assessed value, however, 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 Iberia are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Avery Island has the highest median tax bill at $2,267, while Youngsville has the lowest at $389. Being aware of these valuation processes in Iberia will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Iberia County, Louisiana
Source: Ownwell
$46,110
$160,748
$275,385
Average Iberia County Assessed Value
$68,490
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Iberia County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avery Island | $129,045 | $144,600 | $275,385 | $392,768 | $581,757 |
| Broussard | $3,991 | $14,732 | $86,105 | $161,490 | $203,336 |
| Delcambre | $10,985 | $28,168 | $53,405 | $86,835 | $148,216 |
| Erath | $57,914 | $91,480 | $126,840 | $186,785 | $244,150 |
| Jeanerette | $7,300 | $25,675 | $46,110 | $78,020 | $143,940 |
| Loreauville | $10,978 | $35,060 | $61,820 | $109,255 | $160,158 |
| Lydia | N/A | N/A | N/A | N/A | N/A |
| New Iberia | $12,410 | $31,200 | $74,110 | $138,590 | $216,520 |
| Saint Martinville | $24,560 | $47,905 | $76,210 | $128,445 | $199,035 |
| Youngsville | $12,708 | $25,540 | $47,250 | $120,230 | $182,468 |
Source: Ownwell
Property Tax Bills Across Iberia County, Louisiana
In Iberia 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 local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $68,490, homeowners can expect varying tax bills depending on the exact assessment and applicable exemptions. Several factors influence the final tax bill, including property location, size, and any applicable exemptions or deductions. In Iberia County, the 25th percentile of tax bills is around $261, while the 75th percentile reaches $1,101. At the higher end, the 90th percentile tax bill can be as much as $1,715. This variation significantly impacts homeowners, especially when compared to the national median property tax rate of 0.99%. The highest median tax bill in the county is seen in Avery Island at $2,267, while Youngsville has the lowest at $389. These differences highlight the importance of understanding local tax rates and assessments.
Average Iberia County Tax Bill
$580
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Iberia County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avery Island | $1,003 | $1,190 | $2,267 | $3,233 | $4,756 |
| Broussard | $33 | $121 | $709 | $1,329 | $1,674 |
| Delcambre | $86 | $223 | $418 | $680 | $1,168 |
| Erath | $477 | $753 | $1,044 | $1,509 | $2,010 |
| Jeanerette | $72 | $242 | $442 | $731 | $1,221 |
| Loreauville | $89 | $283 | $499 | $882 | $1,294 |
| Lydia | N/A | N/A | N/A | N/A | N/A |
| New Iberia | $104 | $266 | $620 | $1,166 | $1,804 |
| Saint Martinville | $200 | $390 | $620 | $1,045 | $1,620 |
| Youngsville | $105 | $210 | $389 | $990 | $1,464 |
Source: Ownwell