Grayson, Louisiana Property Taxes
The median property tax rate in Grayson, LA is 1.58%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Grayson at $72,790, the typical annual property tax bill reaches $1,148, exceeding the national median of $2,690. Property taxes in Grayson 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 Grayson'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 Grayson 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
Grayson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,150
$1,067
Ownwell’s Grayson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grayson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grayson 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 Grayson, Louisiana
Property taxes in Grayson, Louisiana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Grayson stands at 1.58%, which is significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Grayson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grayson 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 Grayson's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71435 has both the highest and lowest median property tax rate of 1.58%. Understanding how these areas compare with Grayson provides valuable insights into the varying tax landscape across La Salle Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grayson Tax Rate
1.58%
Average La Salle County Tax Rate
1.48%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grayson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71435 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Grayson, Louisiana
In Grayson, 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 La Salle County Appraisal District 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 Grayson, 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 Grayson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,148, found in zip code 71435.
Average Grayson Assessed Value
$72,790
Average La Salle County Assessed Value
$57,405
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grayson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71435 | $72,790 | $72,790 | $72,790 | $72,790 | $72,790 |
Source: Ownwell
Property Tax Bills Across Grayson, Louisiana
In Grayson, La Salle County, LA, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The local tax rate is applied to this assessed value to determine the tax bill. For instance, with the median home price at $72,790, homeowners can expect their property tax bill to be around $1,148, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These elements collectively determine how much homeowners will owe annually. The relatively high property tax bills in Grayson can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to budget appropriately and take advantage of any potential tax relief programs available in La Salle County.
Average Grayson Tax Bill
$1,148
Average La Salle County Tax Bill
$844
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Grayson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71435 | $1,148 | $1,148 | $1,148 | $1,148 | $1,148 |
Source: Ownwell