Duson, Louisiana Property Taxes
The median property tax rate in Duson, LA is 0.62%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $104,275 in Duson, the typical annual property tax bill amounts to $544, which is well below the national median of $2,690. Property taxes in Duson are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Duson's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Duson or another part of Lafayette County, gaining a solid grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$647
$600
Ownwell’s Duson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duson 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 Duson, Louisiana
Property taxes in Duson, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duson is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Duson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duson 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 Duson's effective property tax rate to other areas and the national median. For comparison, the zip code 70529 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these values compare with Duson provides valuable insights into the varying tax landscape across Lafayette Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duson Tax Rate
0.62%
Average Lafayette County Tax Rate
0.73%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70529 | 0.19% | 0.41% | 0.62% | 0.88% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Duson, Louisiana
In Duson, 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 Lafayette 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 Duson, 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. The median home price in Duson is $104,275, with tax bills ranging from $251 at the 25th percentile to $1,693 at the 90th percentile. The zip code 70529 has the highest and lowest median tax bill at $544. Being aware of these valuation processes in Duson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Duson Assessed Value
$104,275
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 Duson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70529 | $23,055 | $48,180 | $104,275 | $167,490 | $251,445 |
Source: Ownwell
Property Tax Bills Across Duson, Louisiana
In Duson, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The average home price in Duson is $104,275. Property taxes are calculated by applying the local tax rate to this assessed value. Factors such as property location, size, and improvements can influence the assessed value. For homeowners, this means the annual property tax bill can vary significantly. In Duson, the 25th percentile tax bill is around $251, while the 75th percentile tax bill is approximately $974. At the higher end, the 90th percentile tax bill reaches up to $1,693. These figures illustrate the range of what homeowners might expect to pay, depending on their property’s assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Duson’s property tax rates offer a relatively moderate financial impact on homeowners. This calculation ensures that property taxes are equitable and reflect the property's value, contributing to local services and infrastructure.
Average Duson Tax Bill
$544
Average Lafayette County Tax Bill
$1,014
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Duson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70529 | $91 | $251 | $544 | $974 | $1,693 |
Source: Ownwell