Galliano, Louisiana Property Taxes
The median property tax rate in Galliano, LA is 0.93%, slightly lower than the national median of 0.99% but marginally higher than the Louisiana state median of 0.91%. With the median home value in Galliano at $63,600, the typical annual property tax bill amounts to $468, which is significantly below the national median of $2,690. Property taxes in Galliano are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Galliano's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Galliano or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Galliano, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$591
Ownwell’s Galliano Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Galliano with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Galliano 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 Galliano, Louisiana
Property taxes in Galliano, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Galliano is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Galliano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Galliano 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 Galliano's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70354 has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Galliano provides valuable insights into the varying tax landscape across Lafourche County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Galliano Tax Rate
0.93%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Galliano, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70354 | 0.11% | 0.32% | 0.93% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Galliano, Louisiana
In Galliano, 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 Lafourche Parish Assessor's Office 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 Galliano, 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 Galliano helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Galliano is $468 in zip code 70354, while the lowest median tax bill is also $468 in the same zip code.
Average Galliano Assessed Value
$63,600
Average Lafourche County Assessed Value
$90,200
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Galliano, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70354 | $16,320 | $40,350 | $63,600 | $86,700 | $123,640 |
Source: Ownwell
Property Tax Bills Across Galliano, Louisiana
In Galliano, located in Lafourche Parish, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Galliano typically face a median property tax rate that is significantly lower than the national median of 0.99%. For instance, the median home price in Galliano is $63,600, and the tax bills can range widely. At the 25th percentile, homeowners might pay around $174, while those at the 75th percentile could see bills as high as $903. In some cases, tax bills can reach up to $1,488, which is still relatively moderate compared to national standards. These property tax bills are influenced by various factors, including the property's location, size, and any applicable exemptions. Understanding these elements is crucial for homeowners, as property taxes directly impact their annual expenses and overall financial planning.
Average Galliano Tax Bill
$468
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Galliano, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70354 | $59 | $174 | $468 | $903 | $1,488 |
Source: Ownwell