Kelly, Louisiana Property Taxes
The median property tax rate in Kelly, Louisiana is 1.69%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Kelly, the typical annual property tax bill reaches $1,374, exceeding the national median of $2,690. Property taxes in Kelly 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 Kelly'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 Kelly 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
Kelly, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$1,362
Ownwell’s Kelly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelly 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 Kelly, Louisiana
Property taxes in Kelly, Louisiana, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Kelly is 1.69%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Kelly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelly 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 Kelly's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71441 ZIP code has the highest median property tax rate of 1.69%, while the same ZIP code also has the lowest median tax rate of 1.69%. Understanding how these areas compare with Kelly 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 Kelly Tax Rate
1.69%
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 Kelly, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71441 | 1.59% | 1.66% | 1.69% | 1.81% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Kelly, Louisiana
In Kelly, 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 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 Kelly, 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. For example, the highest median tax bill in Kelly is $1,374 in zip code 71441, while the lowest median tax bill is also $1,374 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kelly Assessed Value
$80,620
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 Kelly, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71441 | $44,506 | $56,345 | $80,620 | $88,590 | $150,873 |
Source: Ownwell
Property Tax Bills Across Kelly, Louisiana
In Kelly, located in La Salle 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 Kelly is $80,620. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners in Kelly, the tax bill can vary significantly. At the lower end, the 25th percentile tax bill is around $1,001, while the 75th percentile tax bill reaches $1,483. For those at the higher end, the 90th percentile tax bill can be as high as $2,464. These amounts are relatively high compared to the national median property tax rate of 0.99%, reflecting the local tax policies and property values. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Kelly Tax Bill
$1,374
Average La Salle County Tax Bill
$844
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Kelly, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71441 | $909 | $1,001 | $1,374 | $1,483 | $2,464 |
Source: Ownwell