Mathews, Louisiana Property Taxes
The median property tax rate in Mathews, LA is 0.90%, slightly below both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Mathews at $171,250, the typical annual property tax bill reaches $1,810, which is lower than the national median of $2,690. Property taxes in Mathews are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Mathews' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mathews 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
Mathews, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,541
$1,430
Ownwell’s Mathews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mathews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mathews 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 Mathews, Louisiana
Property taxes in Mathews, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mathews is 0.90%, which is below the U.S. national median of 0.99%. Local government entities within Mathews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mathews 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 Mathews' effective property tax rate to other regions in Louisiana and the national median. For comparison, the 70375 zip code in Lafourche Parish has a median property tax rate of 0.90%, identical to Mathews. Understanding how these areas compare with Mathews 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 Mathews Tax Rate
0.90%
Average Lafourche County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mathews, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70375 | 0.49% | 0.64% | 0.90% | 1.02% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Mathews, Louisiana
In Mathews, 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. Assessment notices in Mathews 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. In Mathews, the median home price is $171,250, with tax bills ranging from $753 at the 25th percentile to $4,938 at the 90th percentile. 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 Mathews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mathews Assessed Value
$171,250
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 Mathews, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70375 | $43,850 | $122,075 | $171,250 | $360,675 | $477,100 |
Source: Ownwell
Property Tax Bills Across Mathews, Louisiana
Property tax bills in Mathews, located in Lafourche County, Louisiana, are calculated based on the assessed value of the property, which is typically a percentage of the market value. For instance, with a median home price of $171,250, the tax bill can vary significantly. Factors such as the property's location, size, and improvements are considered when determining the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Mathews, property tax bills range from $753 at the 25th percentile to $4,938 at the 90th percentile, highlighting the variability based on property value and specific assessments. The highest and lowest median tax bills in the area both stand at $1,810, according to data from ZIP code 70375. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it crucial for homeowners to understand how their tax bills are determined and how they can potentially appeal their assessments if they believe there is an error.
Average Mathews Tax Bill
$1,810
Average Lafourche County Tax Bill
$691
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mathews, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70375 | $496 | $753 | $1,810 | $3,909 | $4,938 |
Source: Ownwell