Barataria, Louisiana Property Taxes
The median property tax rate in Barataria, 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 Barataria at $55,600, the typical annual property tax bill reaches $558, which is significantly lower than the national median of $2,690. Property taxes in Barataria 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 Barataria'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 Barataria 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
Barataria, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$678
$629
Ownwell’s Barataria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barataria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barataria 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 Barataria, Louisiana
Property taxes in Barataria, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Barataria is 1.22%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Barataria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barataria 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 Barataria's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70036 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 Barataria provides valuable insights into the varying tax landscape across Jefferson Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barataria Tax Rate
1.22%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barataria, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70036 | 0.12% | 0.42% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Barataria, Louisiana
In Barataria, 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 Jefferson 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 Barataria, 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. For instance, the median home price in Barataria is $55,600, with tax bills ranging from $258 at the 25th percentile to $1,550 at the 90th percentile. Notably, the zip code 70036 has the highest and lowest median tax bills, both at $558. 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 Barataria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barataria Assessed Value
$55,600
Average Jefferson County Assessed Value
$136,500
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barataria, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70036 | $20,540 | $31,000 | $55,600 | $79,000 | $110,260 |
Source: Ownwell
Property Tax Bills Across Barataria, Louisiana
In Barataria, property tax bills are calculated based on the assessed value of a property, which is determined by the Jefferson County Assessor's Office. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $55,600, property taxes are calculated by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. In Barataria, the tax bills can vary significantly, with the 25th percentile tax bill at $258 and the 75th percentile reaching $979. The highest median tax bill recorded in the area is $558, which aligns with the national median property tax rate of 0.99%. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners manage their finances and anticipate annual expenses.
Average Barataria Tax Bill
$558
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Barataria, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70036 | $99 | $258 | $558 | $979 | $1,550 |
Source: Ownwell