Jennings, Louisiana Property Taxes
The median property tax rate in Jennings, LA is 0.96%, slightly lower than the national median of 0.99% but higher than the Louisiana state median of 0.91%. With the median home value in Jennings at $72,000, the typical annual property tax bill reaches $723, which is significantly below the national median of $2,690. Property taxes in Jennings are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jennings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Jennings 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
Jennings, 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 Jennings Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jennings with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jennings to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Jennings, Louisiana
Property taxes in Jennings, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jennings is 0.96%, which is just below the U.S. national median of 0.99%. Local government entities within Jennings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jennings 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 Jennings's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70546 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Jennings provides valuable insights into the varying tax landscape across Jefferson Davis, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jennings Tax Rate
0.96%
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 Jennings, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70546 | 0.96% | 0.96% | 0.96% | 1.04% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Jennings, Louisiana
In Jennings, 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 Jennings, 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 Jennings is $72,000, with tax bills ranging from $384 at the 25th percentile to $1,872 at the 90th percentile. 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 Jennings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jennings Assessed Value
$72,000
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 Jennings, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70546 | $22,000 | $39,000 | $72,000 | $115,000 | $182,000 |
Source: Ownwell
Property Tax Bills Across Jennings, Louisiana
In Jennings, located in Jefferson Davis County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Jennings is $72,000. Local tax authorities determine the assessed value and apply the local tax rate to calculate the tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. Homeowners in Jennings experience varying tax bills. For instance, the 25th percentile tax bill is $384, while the 75th percentile reaches $1,171. At the 90th percentile, homeowners may pay up to $1,872. The median tax bill in the area stands at $723, which is below the national median property tax rate of 0.99%. This relatively low tax burden can be advantageous for homeowners, making Jennings an appealing place for property investment. However, it’s essential for homeowners to stay informed about their property’s assessed value and any potential changes in local tax rates.
Average Jennings Tax Bill
$723
Average Jefferson Davis County Tax Bill
$712
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Jennings, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70546 | $214 | $384 | $723 | $1,171 | $1,872 |
Source: Ownwell