Westwego, Louisiana Property Taxes
The median property tax rate in Westwego, LA is 0.75%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Westwego at $81,300, the typical annual property tax bill is approximately $747, significantly less than the national median of $2,690. Property taxes in Westwego are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding Westwego's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Westwego or another part of Jefferson Parish, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westwego, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Westwego Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westwego with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westwego 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 Westwego, Louisiana
Property taxes in Westwego, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westwego is 0.75%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Westwego set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westwego 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 Westwego's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70094 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Westwego 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 Westwego Tax Rate
0.75%
Average Jefferson County Tax Rate
0.83%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westwego, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70094 | 0.13% | 0.36% | 0.75% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Westwego, Louisiana
In Westwego, 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 Westwego, 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 Westwego helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $747, while the lowest is also $747, both in zip code 70094.
Average Westwego Assessed Value
$81,300
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 Westwego, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70094 | $44,000 | $65,000 | $81,300 | $114,775 | $169,010 |
Source: Ownwell
Property Tax Bills Across Westwego, Louisiana
Property tax bills in Westwego, located in Jefferson Parish, Louisiana, are determined by assessing the market value of a property and applying the local tax rate. In Westwego, the median home price stands at $81,300. The assessed value of a property is typically a percentage of its market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners, this means that their property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $308, while at the 75th percentile, it jumps to $1,147. The tax bill at the 90th percentile can be as high as $1,902. The median tax bill in the area is $747, which is lower than the national median property tax rate of 0.99%. These variations are influenced by factors such as property location, market conditions, and any applicable exemptions. Understanding these elements helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Westwego Tax Bill
$747
Average Jefferson County Tax Bill
$1,204
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Westwego, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70094 | $106 | $308 | $747 | $1,147 | $1,902 |
Source: Ownwell