Ruston, Louisiana Property Taxes
The median property tax rate in Ruston, LA is 0.66%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Ruston, the typical annual property tax bill reaches $417, significantly below the national median of $2,690. Property taxes in Ruston 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 Ruston'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 Ruston 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
Ruston, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$343
Ownwell’s Ruston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ruston with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ruston to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Ruston, Louisiana
Property taxes in Ruston, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ruston is 0.66%, significantly lower than the U.S. national median of 0.99%. Local government entities within Ruston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ruston 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 Ruston's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71270 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Ruston provides valuable insights into the varying tax landscape across Jackson Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ruston Tax Rate
0.66%
Average Jackson County Tax Rate
0.74%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ruston, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71270 | 0.15% | 0.38% | 0.66% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Ruston, Louisiana
In Ruston, 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 Jackson County Appraisal District 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 Ruston, 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 Ruston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ruston are both $417.00, found in the zip code 71270.
Average Ruston Assessed Value
$52,000
Average Jackson County Assessed Value
$44,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ruston, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71270 | $14,720 | $27,900 | $52,000 | $109,100 | $182,080 |
Source: Ownwell
Property Tax Bills Across Ruston, Louisiana
In Ruston, located in Jackson County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $52,000, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill might be around $185, whereas at the 75th percentile, it could reach approximately $881. For those at the 90th percentile, the tax bill can go up to $1,632. The highest median tax bill in the area is recorded at $417, which is consistent across the zip code 71270. These tax rates can impact homeowners by influencing their annual financial planning and potentially affecting the affordability of homeownership. Compared to the national median property tax rate of 0.99%, Ruston's property tax rates offer a unique perspective on regional tax burdens.
Average Ruston Tax Bill
$417
Average Jackson County Tax Bill
$274
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Ruston, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71270 | $93 | $185 | $417 | $881 | $1,632 |
Source: Ownwell