Broussard, Lafayette County, Louisiana Property Taxes

Name: Property Tax Bills Across Broussard, Lafayette County, Louisiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Broussard, LA effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Broussard, LA home value: $192,090
Median annual Broussard, LA tax bill: $1,147, $1,253 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette calculated?

Property taxes in Broussard, LA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Broussard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broussard, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Broussard, Lafayette County, Louisiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$1,191

$1,105

Ownwell’s Broussard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Broussard with just two data points. By entering your property's estimated assessed value, our calculator applies Broussard’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lafayette. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Broussard, Lafayette County, Louisiana

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Broussard’s effective property tax rate to other cities in Louisiana and the median property tax rates in Louisiana and the U.S. In Broussard, located in Lafayette Parish, the median property tax rate is 0.62%, which is significantly lower than the national median property tax rate of 1.02%. This lower rate can result in substantial savings for property owners compared to many areas across the country. Understanding how these rates are determined and how they compare can help property owners make informed decisions and potentially save on their property tax bill.

Property Tax Rates Across Broussard, Lafayette County, Louisiana

Source: Ownwell

0.53%

0.73%

0.92%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Broussard Tax Rate

0.62%

Median Effective Lafayette County Tax Rate

0.73%

Median Effective Louisiana Tax Rate

0.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broussard, Lafayette County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
70518	0.43%	0.52%	0.62%	0.86%	0.88%

Source: Ownwell

Property Tax Assessment Values Across Broussard, Lafayette County, Louisiana

When examining property taxes in Broussard, Louisiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lafayette Parish Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lafayette Parish, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Broussard.

For example, the median home price in Broussard is $192,090, with tax bills ranging significantly across the county. Zip code 70518 has the highest median home price at $192,090.

Property Tax Assessment Values Across Broussard, Lafayette County, Louisiana

Source: Ownwell

$56,810

$145,500

$234,190

Median Broussard Market Value

$192,090

Median Lafayette County Market Value

$153,470

Median Louisiana Market Value

$105,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broussard, Lafayette County, Louisiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
70518	$47,452	$137,490	$192,090	$256,060	$360,672

Source: Ownwell

Property Tax Bills Across Broussard, Lafayette County, Louisiana

In Broussard, located in Lafayette Parish, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in Broussard is $192,090, which influences the overall tax bill. Homeowners in Broussard experience a range of property tax bills, with the 25th percentile at $670 and the 75th percentile at $1,722, while the 90th percentile reaches $2,663. The median property tax bill in the 70518 zip code is $1,147, which is below the national median property tax bill of $2,400. This relatively lower tax burden can impact homeowners' budgets, making it essential to ensure accurate assessments. Ownwell assists homeowners in Broussard by reviewing property assessments and identifying potential errors or opportunities for exemptions. By appealing incorrect assessments, Ownwell helps homeowners potentially reduce their property tax bills, providing significant savings and financial relief.

Property Tax Bills Across Broussard, Lafayette County, Louisiana

Source: Ownwell

$385

$991

$1,596

Median Broussard Tax Bill

$1,147

Median Lafayette County Tax Bill

$1,014

Median Louisiana Tax Bill

$865

Median United States Tax Bill

$2,400

Property Tax Bills Across Broussard, Lafayette County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
70518	$321	$670	$1,147	$1,722	$2,663

Source: Ownwell