Larose, Louisiana Property Taxes
The median property tax rate in Larose, Louisiana is 0.63%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Larose at $77,300, the typical annual property tax bill reaches $534, significantly below the national median of $2,690. Property taxes in Larose 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 Larose'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 Larose 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
Larose, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Larose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Larose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Larose 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 Larose, Louisiana
Property taxes in Larose, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Larose is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Larose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Larose 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 Larose's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70373 has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Larose 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 Larose Tax Rate
0.63%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Larose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70373 | 0.12% | 0.32% | 0.63% | 1.23% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Larose, Louisiana
In Larose, 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 Larose, 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. Larose has a median home price of $77,300, with tax bills ranging from $235 at the 25th percentile to $1,519 at the 90th percentile. The highest and lowest median tax bills, both at $534, are found in the 70373 zip code. 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 Larose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Larose Assessed Value
$77,300
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 Larose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70373 | $25,420 | $51,300 | $77,300 | $112,900 | $166,760 |
Source: Ownwell
Property Tax Bills Across Larose, Louisiana
In Larose, property tax bills are calculated based on the assessed value of the property, which is determined by the Lafourche County assessor. The assessed value is a percentage of the property's market value, typically set by state guidelines. For homeowners in Larose, the median home price is $77,300, and tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates, property exemptions, and any applicable deductions. For instance, the 25th percentile tax bill is $235, while the 75th percentile reaches $1,064, and the 90th percentile can go up to $1,519. These variations illustrate how different factors can significantly impact the amount homeowners pay. Compared to the national median property tax rate of 0.99%, Larose's property tax rates and bills can be considered relatively moderate, providing some financial relief to homeowners while still supporting local services and infrastructure.
Average Larose Tax Bill
$534
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Larose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70373 | $91 | $235 | $534 | $1,064 | $1,519 |
Source: Ownwell