Welsh, Louisiana Property Taxes
The median property tax rate in Welsh, 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 a median home value of $72,000 in Welsh, the typical annual property tax bill amounts to $620, significantly below the national median of $2,690. Property taxes in Welsh are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Welsh'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 Welsh or another part of Jefferson Davis Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Welsh, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$540
Ownwell’s Welsh Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Welsh with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Welsh to provide an estimated property tax bill. This valuable resource helps you understand potential tax liabilities and make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Jefferson Davis County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Welsh, Louisiana
Property taxes in Welsh, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Welsh 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 Welsh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Welsh 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 Welsh's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70591 zip code has the highest median property tax rate of 0.75%, while the 70591 zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Welsh 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 Welsh Tax Rate
0.75%
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 Welsh, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70591 | 0.75% | 0.75% | 0.75% | 0.94% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Welsh, Louisiana
In Welsh, 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 Welsh, 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 Welsh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Welsh is $72,000, with the median tax bill ranging from $329 at the 25th percentile to $1,585 at the 90th percentile. The zip code 70591 has the highest and lowest median tax bill at $620.
Average Welsh 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 Welsh, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70591 | $20,000 | $39,000 | $72,000 | $114,000 | $179,149 |
Source: Ownwell
Property Tax Bills Across Welsh, Louisiana
In Welsh, 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. For instance, the median home price in Welsh is $72,000. Property taxes are determined by applying the local tax rate to the assessed value. The local tax rate in Welsh is relatively lower compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, the tax bill at the 25th percentile is $329, while at the 75th percentile, it rises to $1016, and at the 90th percentile, it reaches $1585. These variations highlight how individual property characteristics and exemptions can impact the amount owed. Homeowners in Welsh benefit from a relatively lower property tax burden, which can make homeownership more affordable compared to areas with higher tax rates. This lower tax rate can provide significant savings over time, contributing positively to the financial well-being of residents.
Average Welsh Tax Bill
$620
Average Jefferson Davis County Tax Bill
$712
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Welsh, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70591 | $164 | $329 | $620 | $1,016 | $1,585 |
Source: Ownwell