Lafayette County Property Taxes
The median property tax rate in Lafayette is 0.73%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $153,470 in Lafayette, the typical annual property tax bill is $1,014, significantly below the national median of $2,690. Property taxes in Lafayette are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Lafayette's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Lafayette or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lafayette County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,120
$1,040
Ownwell’s Lafayette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lafayette with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lafayette to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lafayette County, Louisiana
Property taxes in Lafayette play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lafayette is 0.73%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Lafayette set these rates annually, and they can vary significantly between different areas within the county. Each year, Lafayette estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lafayette's effective property tax rate with other counties in Louisiana and the national median. For comparison, the city of Lafayette has one of the higher property tax rates in Louisiana at 0.79%, while the city of Milton boasts one of the lowest at 0.49%. Analyzing how Lafayette's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lafayette County Tax Rate
0.73%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lafayette County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breaux Bridge | 0.17% | 0.37% | 0.65% | 0.88% | 0.89% |
| Broussard | 0.43% | 0.52% | 0.62% | 0.86% | 0.88% |
| Carencro | 0.14% | 0.39% | 0.56% | 0.88% | 0.92% |
| Church Point | 0.39% | 0.59% | 0.62% | 0.70% | 0.88% |
| Duson | 0.19% | 0.41% | 0.62% | 0.88% | 0.91% |
| Lafayette | 0.32% | 0.57% | 0.79% | 1.05% | 1.06% |
| Maurice | 0.18% | 0.47% | 0.66% | 0.88% | 0.88% |
| Milton | 0.19% | 0.33% | 0.49% | 0.89% | 0.90% |
| Rayne | 0.38% | 0.46% | 0.53% | 0.88% | 0.89% |
| Scott | 0.12% | 0.37% | 0.60% | 0.88% | 0.93% |
| Youngsville | 0.45% | 0.58% | 0.69% | 0.83% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Lafayette County, Louisiana
In Lafayette, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lafayette Appraisal District. The assessed value, however, 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. Assessment notices in Lafayette are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Lafayette will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Church Point has the highest median tax bill at $1,431, while Maurice has the lowest at $391.
Property Tax Assessment Values Across Lafayette County, Louisiana
Source: Ownwell
$34,600
$134,395
$234,190
Average Lafayette County Assessed Value
$153,470
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lafayette County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breaux Bridge | $24,400 | $57,470 | $90,200 | $159,930 | $224,920 |
| Broussard | $47,452 | $137,490 | $192,090 | $256,060 | $360,672 |
| Carencro | $37,980 | $73,290 | $126,890 | $176,830 | $247,038 |
| Church Point | $72,660 | $149,490 | $234,190 | $262,738 | $304,740 |
| Duson | $23,055 | $48,180 | $104,275 | $167,490 | $251,445 |
| Lafayette | $38,835 | $86,328 | $150,155 | $222,608 | $342,715 |
| Maurice | $7,680 | $28,765 | $86,940 | $159,305 | $234,520 |
| Milton | $56,228 | $66,455 | $79,780 | $120,755 | $147,972 |
| Rayne | $43,392 | $96,470 | $157,795 | $181,600 | $227,775 |
| Scott | $24,800 | $50,000 | $95,190 | $159,850 | $212,030 |
| Youngsville | $68,169 | $152,145 | $192,855 | $253,168 | $346,627 |
Source: Ownwell
Property Tax Bills Across Lafayette County, Louisiana
In Lafayette, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Lafayette can expect their property tax bills to vary widely, influenced by factors such as property location, size, and improvements. For instance, the median home price in Lafayette is $153,470. The tax bill for a home in the 25th percentile is approximately $492, while those in the 75th percentile pay around $1,687. At the higher end, the 90th percentile tax bill reaches up to $2,731. Interestingly, the city of Church Point has the highest median tax bill in the county at $1,431, while Maurice has the lowest at $391. These variations significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Lafayette County Tax Bill
$1,014
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Lafayette County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breaux Bridge | $96 | $208 | $471 | $840 | $1,424 |
| Broussard | $321 | $670 | $1,147 | $1,722 | $2,663 |
| Carencro | $87 | $310 | $642 | $1,072 | $1,684 |
| Church Point | $355 | $710 | $1,431 | $1,755 | $2,248 |
| Duson | $91 | $251 | $544 | $974 | $1,693 |
| Lafayette | $190 | $522 | $1,088 | $1,793 | $3,006 |
| Maurice | $53 | $106 | $391 | $829 | $1,443 |
| Milton | $192 | $355 | $537 | $594 | $707 |
| Rayne | $241 | $512 | $789 | $1,137 | $1,586 |
| Scott | $69 | $218 | $514 | $930 | $1,469 |
| Youngsville | $424 | $874 | $1,343 | $1,978 | $2,880 |
Source: Ownwell