Tullos, Louisiana Property Taxes
The median property tax rate in Tullos, LA is 1.47%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Tullos, the typical annual property tax bill reaches $474, which is significantly lower than the national median of $2,690. Property taxes in Tullos 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 Tullos'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 Tullos 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
Tullos, 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 Tullos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tullos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tullos 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 Tullos, Louisiana
Property taxes in Tullos, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tullos is 1.47%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Tullos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tullos 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 Tullos's effective property tax rate to other regions in Louisiana and the national median. For comparison, the zip code 71479 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these areas compare with Tullos provides valuable insights into the varying tax landscape across La Salle, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tullos Tax Rate
1.47%
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 Tullos, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71479 | 1.44% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Tullos, Louisiana
In Tullos, 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 Tullos, 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 Tullos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the highest and lowest median tax bills in Tullos both stand at $474, specifically in the 71479 zip code.
Average Tullos Assessed Value
$32,400
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 Tullos, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71479 | $7,160 | $15,700 | $32,400 | $59,450 | $87,554 |
Source: Ownwell
Property Tax Bills Across Tullos, Louisiana
In Tullos, 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 Tullos is $32,400. Property taxes are then applied to this assessed value using the local tax rate. For instance, the median tax bill in Tullos is $474 annually, which is relatively lower compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Tullos can expect their tax bills to fall within a range, with the 25th percentile paying around $227 and the 75th percentile paying about $865. The tax burden can impact homeowners differently, affecting their overall housing costs and financial planning. For those at the 90th percentile, the tax bill can go up to $1,300, reflecting higher-valued properties or fewer exemptions.
Average Tullos Tax Bill
$474
Average La Salle County Tax Bill
$844
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Tullos, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71479 | $99 | $227 | $474 | $865 | $1,300 |
Source: Ownwell