Maringouin, Louisiana Property Taxes
The median property tax rate in Maringouin, LA is 1.06%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Maringouin at $56,800, the typical annual property tax bill reaches $597, which is significantly lower than the national median of $2,690. Property taxes in Maringouin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maringouin'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 Maringouin 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
Maringouin, 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 Maringouin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maringouin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maringouin 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 Maringouin, Louisiana
Property taxes in Maringouin, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maringouin is 0.14%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Maringouin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maringouin 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 Maringouin's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70757 zip code has the highest median property tax rate of 0.14%, while the 70757 zip code also has the lowest median tax rate of 0.14%. Understanding how these cities compare with Maringouin 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 Maringouin Tax Rate
1.06%
Average Iberville County Tax Rate
1.07%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maringouin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70757 | 1.03% | 1.03% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Maringouin, Louisiana
In Maringouin, 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 Maringouin, 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 Maringouin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Iberville Parish, the highest and lowest median tax bills are both $597, specifically in the 70757 zip code.
Average Maringouin Assessed Value
$56,800
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 Maringouin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70757 | $17,600 | $30,675 | $56,800 | $83,750 | $126,520 |
Source: Ownwell
Property Tax Bills Across Maringouin, Louisiana
In Maringouin, located in Iberville Parish, LA, property tax bills are determined by assessing the value of a property and applying the local tax rate. The median home price in Maringouin is $56,800, and the property tax rate is relatively modest compared to the national median of 0.99%. Homeowners in this area can expect their tax bills to vary based on several factors, including property size, location, and improvements made to the home. For instance, the tax bill at the 25th percentile is around $325, while at the 75th percentile, it rises to approximately $882. Those at the 90th percentile might see tax bills as high as $1,334. The highest median tax bill recorded in the region is $597 in the zip code 70757, which also happens to be the lowest median tax bill, indicating a consistent tax rate within the area. These property taxes directly impact homeowners by influencing monthly mortgage payments and overall housing affordability. Understanding these factors can help homeowners budget more effectively and anticipate future financial obligations.
Average Maringouin Tax Bill
$597
Average Iberville County Tax Bill
$788
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Maringouin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70757 | $182 | $325 | $597 | $882 | $1,334 |
Source: Ownwell