Golden Meadow, Louisiana Property Taxes
The median property tax rate in Golden Meadow, LA is 0.57%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $53,500 in Golden Meadow, the typical annual property tax bill is $222, which is well below the national median of $2,690. Property taxes in Golden Meadow are calculated based on the assessed value, which usually falls below the market value due to exemptions like the primary residence exemption. Understanding Golden Meadow'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 Golden Meadow 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
Golden Meadow, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$305
$283
Ownwell’s Golden Meadow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden Meadow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden Meadow 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 Golden Meadow, Louisiana
Property taxes in Golden Meadow, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden Meadow is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Golden Meadow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden Meadow 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 Golden Meadow's effective property tax rate to other areas in Lafourche Parish and the national median. For comparison, the 70357 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these figures compare with Golden Meadow 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 Golden Meadow Tax Rate
0.57%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden Meadow, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70357 | 0.21% | 0.21% | 0.57% | 1.27% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Golden Meadow, Louisiana
In Golden Meadow, 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 Golden Meadow, 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 Golden Meadow is $53,500, with property tax bills ranging significantly. The 25th percentile tax bill is $101, while the 75th percentile tax bill is $726. The zip code 70357 has the highest and lowest median tax bill at $222. Being aware of these valuation processes in Golden Meadow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Golden Meadow Assessed Value
$53,500
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 Golden Meadow, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70357 | $15,420 | $34,400 | $53,500 | $83,600 | $181,600 |
Source: Ownwell
Property Tax Bills Across Golden Meadow, Louisiana
In Golden Meadow, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this area is $53,500. The tax bill can vary significantly depending on several factors, including the property's assessed value and the specific tax rates set by local taxing authorities. For instance, the 25th percentile tax bill is $101, while the 75th percentile tax bill is $726, and the 90th percentile tax bill reaches $2,425. These figures highlight the range of property tax obligations homeowners can face. The highest and lowest median tax bills in Golden Meadow are both $222, indicating a relatively uniform tax rate within the zip code 70357. Compared to the national median property tax rate of 0.99%, homeowners in Golden Meadow may find their property tax rates to be relatively manageable. However, the actual impact on homeowners can vary based on individual property values and any applicable exemptions or deductions.
Average Golden Meadow Tax Bill
$222
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden Meadow, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70357 | $61 | $101 | $222 | $726 | $2,425 |
Source: Ownwell