Lafayette, Lafayette County, Louisiana Property Taxes
Median Lafayette, LA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Lafayette, LA home value: $150,155
Median annual Lafayette, LA tax bill: $1,088, $1,312 lower than the national median property tax bill of $2,400.
How are property taxes in Lafayette calculated?
Property taxes in Lafayette, 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 Lafayette’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lafayette, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lafayette, Lafayette County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,186
$1,101
Property Tax Rates Across Lafayette, Lafayette County, Louisiana
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 Lafayette Tax Rate
0.79%
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 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 Lafayette, Lafayette County, Louisiana
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
70501 | 0.18% | 0.34% | 0.92% | 1.07% | 1.09% |
70503 | 0.52% | 0.67% | 0.82% | 0.99% | 1.05% |
70506 | 0.36% | 0.56% | 0.74% | 1.05% | 1.06% |
70507 | 0.26% | 0.47% | 0.65% | 0.88% | 1.05% |
70508 | 0.48% | 0.62% | 0.81% | 0.91% | 1.05% |
70520 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lafayette, Lafayette County, Louisiana
When examining property taxes in Lafayette, 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 County appraisal district 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 County, 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 Lafayette. For example, the median home price in Lafayette is $150,155, with tax bills ranging significantly across the county. Zip code 70508 has the highest median home price at $209,560.
Property Tax Assessment Values Across Lafayette, Lafayette County, Louisiana
Source: Ownwell

$56,810
$145,500
$234,190
Median Lafayette Market Value
$150,155
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 Lafayette, Lafayette County, Louisiana
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
70501 | $18,675 | $30,520 | $56,810 | $101,890 | $157,750 |
70503 | $100,970 | $138,752 | $194,165 | $303,518 | $470,755 |
70506 | $54,090 | $96,690 | $140,340 | $186,790 | $241,700 |
70507 | $46,878 | $81,922 | $133,290 | $186,322 | $257,785 |
70508 | $101,800 | $145,920 | $209,560 | $305,130 | $472,400 |
70520 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lafayette, Lafayette County, Louisiana
In Lafayette, LA, property taxes are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and improvements can influence its market value and, consequently, the assessed value. Lafayette's median property tax bill is notably lower than the national median of $2400, with the 25th percentile at $522 and the 75th percentile at $1793. However, in certain areas like zip code 70508, homeowners face higher median tax bills of $1596, reflecting local variations in property values and tax rates.
Ownwell assists homeowners by identifying potential savings on property tax bills through appeals and exemptions. By analyzing a property's assessed value and comparing it to similar properties, Ownwell can determine if a homeowner is over-assessed. This service can be invaluable in reducing tax burdens, especially in areas with higher property tax bills, ensuring homeowners pay only their fair share.
Median Lafayette Tax Bill
$1,088
Median Lafayette County Tax Bill
$1,014
Median Louisiana Tax Bill
$865
Median United States Tax Bill
$2,400
Property Tax Bills Across Lafayette, Lafayette County, Louisiana
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
70501 | $69 | $158 | $385 | $756 | $1,323 |
70503 | $608 | $1,035 | $1,578 | $2,573 | $4,373 |
70506 | $277 | $609 | $1,023 | $1,492 | $2,042 |
70507 | $136 | $423 | $834 | $1,323 | $1,961 |
70508 | $531 | $1,006 | $1,596 | $2,631 | $4,396 |
70520 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell