Metairie, Louisiana Property Taxes
The median property tax rate in Metairie, LA is 0.90%, slightly below both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Metairie at $186,200, the typical annual property tax bill amounts to $1,758, which is lower than the national median of $2,690. Property taxes in Metairie are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Metairie'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 Metairie or another part of Jefferson Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Metairie, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,676
$1,555
Ownwell’s Metairie Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Metairie with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Metairie to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax obligations. For those interested in neighborhood-specific trends, you can explore more localized information by scrolling down. Your property's assessed value, determined by Jefferson County, is used for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Metairie, Louisiana
Property taxes in Metairie, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Metairie is 0.90%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Metairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Metairie 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 Metairie's effective property tax rate to other areas in Jefferson Parish and the national median. For comparison, the 70005 zip code has the highest median property tax rate of 1.06%, while the 70003 zip code has the lowest median tax rate of 0.77%. Understanding how these areas compare with Metairie 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 Metairie Tax Rate
0.90%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Metairie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70001 | 0.46% | 0.68% | 0.91% | 1.28% | 1.28% |
| 70002 | 0.51% | 0.80% | 0.97% | 1.28% | 1.28% |
| 70003 | 0.36% | 0.55% | 0.77% | 1.23% | 1.28% |
| 70005 | 0.62% | 0.84% | 1.06% | 1.28% | 1.28% |
| 70006 | 0.50% | 0.69% | 0.88% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Metairie, Louisiana
In Metairie, 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 Metairie, 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 Metairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in the 70005 zip code at $2,620, while the lowest is in the 70003 zip code at $1,232.
Average Metairie Assessed Value
$186,200
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 Metairie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70001 | $87,400 | $127,800 | $182,700 | $251,800 | $370,500 |
| 70002 | $78,610 | $131,175 | $223,700 | $322,825 | $441,800 |
| 70003 | $75,200 | $110,000 | $146,400 | $200,400 | $265,650 |
| 70005 | $101,360 | $166,250 | $241,800 | $407,900 | $730,080 |
| 70006 | $105,800 | $147,850 | $202,100 | $268,300 | $351,560 |
Source: Ownwell
Property Tax Bills Across Metairie, Louisiana
In Metairie, Jefferson Parish, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Metairie experience a range of property tax bills, influenced by factors such as property location, home size, and market conditions. For instance, the median home price in Metairie is $186,200. Property tax bills can vary significantly, with the 25th percentile at $941 and the 75th percentile reaching $2,862. At the 90th percentile, taxes can go up to $4,657, reflecting higher-value properties or those in more desirable areas. The highest median tax bill within the area is $2,620 in zip code 70005, while the lowest is $1,232 in zip code 70003. Compared to the national median property tax rate of 0.99%, Metairie’s rates can be considered moderate, but they still significantly impact homeowners' annual expenses. Understanding these factors can help residents better anticipate their property tax obligations.
Average Metairie Tax Bill
$1,758
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Metairie, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70001 | $500 | $972 | $1,731 | $2,720 | $4,236 |
| 70002 | $492 | $1,127 | $2,202 | $3,443 | $5,038 |
| 70003 | $354 | $664 | $1,232 | $1,947 | $2,806 |
| 70005 | $800 | $1,609 | $2,620 | $4,711 | $8,872 |
| 70006 | $610 | $1,102 | $1,878 | $2,834 | $3,935 |
Source: Ownwell