Sunshine, Louisiana Property Taxes
The median property tax rate in Sunshine, LA is 1.22%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Sunshine, the typical annual property tax bill reaches $939. Property taxes in Sunshine 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 Sunshine'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 Sunshine 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
Sunshine, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,005
Ownwell’s SUNSHINE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SUNSHINE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SUNSHINE 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 Sunshine, Louisiana
Property taxes in Sunshine, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunshine is 1.22%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Sunshine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunshine 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 Sunshine's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70780 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Sunshine provides valuable insights into the varying tax landscape across Iberville, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sunshine Tax Rate
1.22%
Average Iberville County Tax Rate
1.07%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunshine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70780 | 1.07% | 1.07% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Sunshine, Louisiana
In Sunshine, 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'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 Sunshine, 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. Sunshine's median home price is $82,400, with tax bills ranging widely across different percentiles. For instance, the 25th percentile tax bill is $430, while the 75th percentile tax bill is $1,696, and the 90th percentile tax bill is $2,203. The highest and lowest median tax bills are both $939 in the 70780 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 Sunshine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sunshine Assessed Value
$82,400
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 Sunshine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70780 | $15,000 | $35,150 | $82,400 | $143,350 | $190,680 |
Source: Ownwell
Property Tax Bills Across Sunshine, Louisiana
Property tax bills in Sunshine, located in Iberville County, LA, are calculated based on the assessed value of the property. The assessed value is a percentage of the property's market value, which is determined by the local tax assessor. In Sunshine, the median home price is $82,400. Homeowners can expect their tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. For example, the 25th percentile tax bill in Sunshine is $430, while the 75th percentile tax bill is $1,696, and the 90th percentile tax bill reaches up to $2,203. These figures illustrate the range of potential tax liabilities homeowners might face. The highest and lowest median tax bills in the area are both $939, occurring in the 70780 zip code. Compared to the national median property tax rate of 0.99%, Sunshine's property tax rates can have a substantial impact on homeowners' annual expenses. Factors such as property improvements and market conditions also play a role in determining the final tax bill, influencing how much homeowners will owe each year.
Average Sunshine Tax Bill
$939
Average Iberville County Tax Bill
$788
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunshine, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70780 | $184 | $430 | $939 | $1,696 | $2,203 |
Source: Ownwell