Roanoke, Louisiana Property Taxes
The median property tax rate in Roanoke, LA is 1.01%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Roanoke at $70,000, the typical annual property tax bill reaches $757, which is below the national median of $2,690. Property taxes in Roanoke 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 Roanoke'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 Roanoke 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
Roanoke, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$707
Ownwell’s Roanoke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roanoke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roanoke 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 Jefferson Davis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Roanoke, Louisiana
Property taxes in Roanoke, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roanoke is 1.01%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Roanoke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roanoke 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 Roanoke's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70581 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Roanoke 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 Roanoke Tax Rate
1.01%
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 Roanoke, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70581 | 1.01% | 1.01% | 1.01% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Roanoke, Louisiana
In Roanoke, 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 Roanoke, 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 Roanoke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Roanoke is $757.00, with the zip code 70581 having both the highest and lowest median tax bills at $757.00.
Average Roanoke Assessed Value
$70,000
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 Roanoke, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70581 | $16,000 | $37,000 | $70,000 | $110,250 | $188,920 |
Source: Ownwell
Property Tax Bills Across Roanoke, Louisiana
Property tax bills in Roanoke, Jefferson Davis County, LA, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in the area is $70,000, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Roanoke can expect tax bills that vary significantly; the 25th percentile tax bill is $394, while the 75th percentile reaches $1,169, and the 90th percentile can go up to $2,014. These variations reflect differences in property values and specific local assessments. Comparatively, the national median property tax rate is 0.99%, which may offer some perspective on how Roanoke's property taxes align with broader trends. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Roanoke Tax Bill
$757
Average Jefferson Davis County Tax Bill
$712
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Roanoke, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70581 | $174 | $394 | $757 | $1,169 | $2,014 |
Source: Ownwell