Belle Rose, Louisiana Property Taxes
The median property tax rate in Belle Rose, LA is 1.03%, slightly above both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Belle Rose at $45,200, the typical annual property tax bill amounts to $467, which is notably lower than the national median of $2,690. Property taxes in Belle Rose are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Belle Rose'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 Belle Rose or another part of Iberville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Rose, 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 Belle Rose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle Rose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Rose 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 Belle Rose, Louisiana
Property taxes in Belle Rose, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Rose is 0.29%, significantly lower than both the Louisiana state median of 0.52% and the U.S. national median of 0.99%. Local government entities within Belle Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Rose 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 Belle Rose's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70341 zip code has the highest median property tax rate of 0.29%, while the same zip code also has the lowest median tax rate of 0.29%. Understanding how these cities compare with Belle Rose provides valuable insights into the varying tax landscape across Assumption, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Rose Tax Rate
1.03%
Average Iberville County Tax Rate
1.07%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Rose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70341 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Belle Rose, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belle Rose, Louisiana. 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 Iberville 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 Belle Rose, 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 Belle Rose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both in the 70341 zip code, with a median value of $467.
Average Belle Rose Assessed Value
$45,200
Average Iberville County Assessed Value
$73,600
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Rose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70341 | $45,200 | $45,200 | $45,200 | $45,200 | $45,200 |
Source: Ownwell
Property Tax Bills Across Belle Rose, Louisiana
Property tax bills in Belle Rose, located in Iberville County, Louisiana, are calculated based on the assessed value of a property. The assessment is typically a percentage of the property's market value, which is determined by the local tax assessor. In Belle Rose, the median home price is $45,200, and the property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Belle Rose, property tax bills generally range around $467, irrespective of the percentile, indicating a uniform application of tax rates within the area. This amount is significantly lower than the national median property tax rate of 0.99%, offering some financial relief to homeowners. Factors such as property size, location, and any applicable exemptions can influence the final tax bill. Understanding how these elements interact helps homeowners anticipate their tax obligations and manage their finances more effectively. A lower property tax rate can make homeownership more affordable, contributing to the overall appeal of living in Belle Rose.
Average Belle Rose Tax Bill
$467
Average Iberville County Tax Bill
$788
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Rose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70341 | $467 | $467 | $467 | $467 | $467 |
Source: Ownwell