Fenton, Louisiana Property Taxes
The median property tax rate in Fenton, LA is 1.00%, slightly higher than the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $55,000 in Fenton, the typical annual property tax bill amounts to $548, which is significantly lower than the national median of $2,690. Property taxes in Fenton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fenton'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 Fenton or another part of Jefferson Davis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fenton, 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 Fenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fenton 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 Fenton, Louisiana
Property taxes in Fenton, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fenton is 1.00%, slightly above the U.S. national median of 0.99%. Local government entities within Fenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fenton 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 Fenton's effective property tax rate to other areas in Jefferson Davis Parish and the national median. For comparison, the 70640 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Fenton provides valuable insights into the varying tax landscape across Jefferson Davis Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fenton Tax Rate
1.00%
Average Jefferson Davis County Tax Rate
1.00%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fenton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70640 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Fenton, Louisiana
In Fenton, 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 Davis 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 Fenton, 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 Fenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fenton is $548 in the 70640 zip code, while the lowest is also $548 in the same zip code.
Average Fenton Assessed Value
$55,000
Average Jefferson Davis County Assessed Value
$71,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fenton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70640 | $23,000 | $30,500 | $55,000 | $72,750 | $97,700 |
Source: Ownwell
Property Tax Bills Across Fenton, Louisiana
In Fenton, located in Jefferson Davis Parish, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value, and this valuation forms the basis for the tax bill. Various factors such as property size, location, and market conditions influence the assessed value. Homeowners in Fenton can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $304, while at the 75th percentile, it rises to approximately $725. Those at the 90th percentile may face a tax bill of up to $973. The median home price in Fenton is $55,000, and the median tax bill is $548, which is relatively modest compared to the national median property tax rate of 0.99%. These variations in tax bills can impact homeowners' financial planning and budgeting, making it crucial to understand how property taxes are determined.
Average Fenton Tax Bill
$548
Average Jefferson Davis County Tax Bill
$712
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Fenton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70640 | $229 | $304 | $548 | $725 | $973 |
Source: Ownwell