Jeanerette, Louisiana Property Taxes
The median property tax rate in Jeanerette, LA is 1.05%, slightly higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With a median home value of $46,110, the typical annual property tax bill in Jeanerette is around $442, which is significantly lower than the national median of $2,690. Property taxes in Jeanerette are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jeanerette'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 Jeanerette 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
Jeanerette, 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 Jeanerette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeanerette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeanerette 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 Jeanerette, Louisiana
Property taxes in Jeanerette, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeanerette is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Jeanerette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeanerette 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 Jeanerette's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70544 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Jeanerette provides valuable insights into the varying tax landscape across Iberia Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jeanerette Tax Rate
1.05%
Average Iberia County Tax Rate
0.82%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jeanerette, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70544 | 0.77% | 0.77% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Jeanerette, Louisiana
In Jeanerette, 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 Iberia Parish Assessor's Office 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 Jeanerette, 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. The median home price in Jeanerette is $46,110, with tax bills ranging from $242 at the 25th percentile to $1,221 at the 90th percentile. The highest and lowest median tax bills both stand at $442, specifically in the 70544 zip code. 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 Jeanerette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jeanerette Assessed Value
$46,110
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 Jeanerette, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70544 | $7,300 | $25,675 | $46,110 | $78,020 | $143,940 |
Source: Ownwell
Property Tax Bills Across Jeanerette, Louisiana
In Jeanerette, located in Iberia Parish, Louisiana, property tax bills are calculated based on the assessed value of a property, which is a fraction of its market value. The tax rate, or millage rate, is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $46,110, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. Several factors influence the tax bill, including property characteristics, local tax rates, and any eligible exemptions. In Jeanerette, the 25th percentile tax bill is around $242, while the 75th percentile tax bill reaches up to $731. For higher-valued properties, the tax bill can climb to the 90th percentile at $1,221. Comparing this to the national median property tax rate of 0.99%, it's clear that local rates and property values significantly impact the overall tax burden for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Jeanerette Tax Bill
$442
Average Iberia County Tax Bill
$580
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeanerette, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70544 | $72 | $242 | $442 | $731 | $1,221 |
Source: Ownwell