Erath, Louisiana Property Taxes
The median property tax rate in Erath, LA is 0.82%, 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 $126,840 in Erath, the typical annual property tax bill amounts to $1,044, considerably less than the national median of $2,690. Property taxes in Erath are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Erath's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Erath 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
Erath, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,040
Ownwell’s Erath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Erath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Erath 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 Erath, Louisiana
Property taxes in Erath, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Erath is 0.82%, which is lower than both the Louisiana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Erath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Erath 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 Erath's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70533 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Erath provides valuable insights into the varying tax landscape across Vermilion Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Erath Tax Rate
0.82%
Average Iberia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Erath, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70533 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Erath, Louisiana
In ERATH, 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 local 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. In ERATH, 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 ERATH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Iberia County is 70533, with a median tax bill of $1,044.
Average Erath Assessed Value
$126,840
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 Erath, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70533 | $57,914 | $91,480 | $126,840 | $186,785 | $244,150 |
Source: Ownwell
Property Tax Bills Across Erath, Louisiana
In Erath, LA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate. In Erath, the median home price is $126,840. The property tax rate in Erath is 0.99%, which is in line with the national median property tax rate. Homeowners in Erath can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $753, while the 75th percentile tax bill is approximately $1509. At the higher end, the 90th percentile tax bill reaches up to $2010. These variations are influenced by factors such as property size, location, and any applicable exemptions. Understanding how property tax bills are calculated is crucial for homeowners, as these taxes contribute to local services and infrastructure, directly impacting the quality of life and property values in the community.
Average Erath Tax Bill
$1,044
Average Iberia County Tax Bill
$580
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Erath, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70533 | $477 | $753 | $1,044 | $1,509 | $2,010 |
Source: Ownwell