Youngsville, Louisiana Property Taxes
The median property tax rate in Youngsville, LA is 0.69%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $192,855 in Youngsville, the typical annual property tax bill amounts to $1,343, falling well below the national median of $2,690. Property taxes in Youngsville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Youngsville'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 Youngsville or another part of Lafayette Parish, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Youngsville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,331
Ownwell's Youngsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngsville 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 Youngsville, Louisiana
Property taxes in Youngsville, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngsville is 0.69%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Youngsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngsville 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 Youngsville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70592 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Youngsville 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 Youngsville Tax Rate
0.69%
Average Lafayette County Tax Rate
0.73%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngsville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70592 | 0.45% | 0.58% | 0.69% | 0.83% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Youngsville, Louisiana
In Youngsville, 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 Youngsville, 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 Youngsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $192,855, with tax bills ranging from $874 at the 25th percentile to $2,880 at the 90th percentile. The zip code 70592 has the highest and lowest median tax bill, both at $1,343.
Average Youngsville Assessed Value
$192,855
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 Youngsville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70592 | $68,169 | $152,145 | $192,855 | $253,168 | $346,627 |
Source: Ownwell
Property Tax Bills Across Youngsville, Louisiana
In Youngsville, located in Lafayette County, LA, property tax bills are calculated based on the property's assessed value, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. For homeowners in Youngsville, the median home price is approximately $192,855. Tax bills can vary significantly, ranging from $874 at the 25th percentile to $2,880 at the 90th percentile. The highest median tax bill recorded in the area is $1,343, which is notable given the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual obligations and manage their finances more effectively. Accurate assessment and awareness of local tax rates ensure that homeowners are prepared for their property tax responsibilities.
Average Youngsville Tax Bill
$1,343
Average Lafayette County Tax Bill
$1,014
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngsville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70592 | $424 | $874 | $1,343 | $1,978 | $2,880 |
Source: Ownwell