Grosse Tete, Louisiana Property Taxes
The median property tax rate in Grosse Tete, LA is 1.09%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $66,000 in Grosse Tete, the typical annual property tax bill reaches $709, which is significantly lower than the national median of $2,690. Property taxes in Grosse Tete are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grosse Tete'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 Grosse Tete or another part of Iberville Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grosse Tete, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$719
$668
Ownwell’s Grosse Tete Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Grosse Tete with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grosse Tete 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 Grosse Tete, Louisiana
Property taxes in Grosse Tete, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grosse Tete is 1.09%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Grosse Tete set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grosse Tete 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 Grosse Tete's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70740 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Grosse Tete provides valuable insights into the varying tax landscape across Iberville Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grosse Tete Tax Rate
1.09%
Average Iberville County Tax Rate
1.07%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grosse Tete, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70740 | 1.03% | 1.03% | 1.09% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Grosse Tete, Louisiana
In Grosse Tete, 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 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 Grosse Tete, 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 Grosse Tete is $66,000, with the 25th percentile tax bill at $370 and the 75th percentile tax bill at $1,179. The highest median tax bill in the area is $709, found in the 70740 zip code, which also has the lowest median tax bill of $709. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grosse Tete Assessed Value
$66,000
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 Grosse Tete, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70740 | $21,350 | $34,675 | $66,000 | $110,475 | $173,250 |
Source: Ownwell
Property Tax Bills Across Grosse Tete, Louisiana
In Grosse Tete, located in Iberville Parish, LA, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax amount. For homeowners in Grosse Tete, the median home price is $66,000. The property tax bill can vary significantly, with the 25th percentile at $370 and the 75th percentile reaching $1,179. At the higher end, the 90th percentile tax bill is $1,855. The median tax bill in the area is $709, which is below the national median property tax rate of 0.99%. This relatively lower tax rate can provide financial relief to homeowners, making homeownership more affordable in this region. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Grosse Tete Tax Bill
$709
Average Iberville County Tax Bill
$788
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Grosse Tete, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70740 | $227 | $370 | $709 | $1,179 | $1,855 |
Source: Ownwell