Gheens, Louisiana Property Taxes
The median property tax rate in Gheens, LA is 0.69%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Gheens at $69,000, the typical annual property tax bill reaches $516, well below the national median of $2,690. Property taxes in Gheens are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gheens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gheens 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
Gheens, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$476
$442
Ownwell’s Gheens Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Gheens. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Gheens to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, making it easier to plan and budget. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available. Your property’s assessed value, determined by Lafourche County, is used in these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Gheens, Louisiana
Property taxes in Gheens, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gheens is 0.69%, lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Gheens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gheens 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 Gheens's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70355 zip code has the highest median property tax rate of 0.69%, while the 70355 zip code has the lowest median tax rate of 0.69%. Understanding how these cities compare with Gheens provides valuable insights into the varying tax landscape across Lafourche Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gheens Tax Rate
0.69%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gheens, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70355 | 0.18% | 0.29% | 0.69% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Gheens, Louisiana
In Gheens, 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 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 Gheens, 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 Gheens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Gheens is $69,000, with the 25th percentile of tax bills at $202 and the 75th percentile at $992. The highest median tax bill is in the 70355 zip code, valued at $516.
Average Gheens Assessed Value
$69,000
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 Gheens, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70355 | $16,100 | $41,600 | $69,000 | $102,900 | $163,860 |
Source: Ownwell
Property Tax Bills Across Gheens, Louisiana
In Gheens, located in Lafourche County, LA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is typically a percentage of the property's market value. Homeowners in Gheens can expect their tax bills to vary significantly, with the 25th percentile tax bill at $202 and the 75th percentile reaching $992. The 90th percentile tax bill can go as high as $1859, highlighting the range of property values and tax burdens within the area. The median home price in Gheens is $69,000, which serves as a reference point for understanding typical tax bills in the region. Compared to the national median property tax rate of 0.99%, homeowners in Gheens may experience different rates based on local policies and the specific assessed value of their property. These property taxes fund essential public services, impacting the overall quality of life for residents. Homeowners should be aware of these factors when budgeting for annual expenses.
Average Gheens Tax Bill
$516
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Gheens, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70355 | $107 | $202 | $516 | $992 | $1,859 |
Source: Ownwell