White Castle, Louisiana Property Taxes
In White Castle, LA, the median property tax rate is 1.03%, slightly higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With a median home value in White Castle of $57,350, the typical annual property tax bill amounts to $618, which is significantly lower than the national median of $2,690. Property taxes in White Castle are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding White Castle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to meaningful annual savings. Whether you're in the heart of White Castle or another part of the city, becoming familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Castle, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$591
Ownwell’s White Castle Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in White Castle with just two data points. By entering your property’s estimated assessed value, the calculator applies the median tax rate in White Castle to provide an accurate estimate of 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 Iberville County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Castle, Louisiana
Property taxes in White Castle, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Castle is 1.03%, notably higher than the U.S. national median of 0.99%. Local government entities within White Castle set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Castle 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 White Castle's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70788 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these cities compare with White Castle 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 White Castle 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 White Castle, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70788 | 1.03% | 1.03% | 1.03% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across White Castle, Louisiana
In White Castle, 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 White Castle, 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 White Castle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $618 in the 70788 zip code.
Average White Castle Assessed Value
$57,350
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 White Castle, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70788 | $17,030 | $29,875 | $57,350 | $89,525 | $146,820 |
Source: Ownwell
Property Tax Bills Across White Castle, Louisiana
In White Castle, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $57,350. Property taxes in White Castle are influenced by the local tax rate and any applicable exemptions. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $312 and the 75th percentile reaching $952. For those in the 90th percentile, tax bills can be as high as $1,553. These tax bills are determined by multiplying the assessed value of the property by the local tax rate. The assessed value is typically a fraction of the market value, which can be influenced by factors like property condition, location, and market trends. Understanding these elements is crucial for homeowners as property taxes represent a significant annual expense, impacting overall home affordability. The highest median tax bill in White Castle is $618, which aligns with the local zip code 70788.
Average White Castle Tax Bill
$618
Average Iberville County Tax Bill
$788
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across White Castle, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70788 | $181 | $312 | $618 | $952 | $1,553 |
Source: Ownwell