Arcadia, Louisiana Property Taxes
The median property tax rate in Arcadia, LA is 0.87%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $66,746 in Arcadia, the typical annual property tax bill amounts to $559, significantly below the national median of $2,690. Property taxes in Arcadia 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 Arcadia'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 Arcadia 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
Arcadia, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$581
$539
Ownwell’s Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Arcadia, Louisiana
Property taxes in Arcadia, Louisiana, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71001 zip code has the highest median property tax rate of 0.87%, while the 71001 zip code also has the lowest median tax rate of 0.87%. Understanding how these areas compare with Arcadia provides valuable insights into the varying tax landscape across Lincoln Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
0.87%
Average Lincoln County Tax Rate
0.89%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71001 | 0.76% | 0.79% | 0.87% | 0.96% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Louisiana
In Arcadia, 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 Lincoln County Appraisal District 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 Arcadia, 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 Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Arcadia is $559 in the 71001 zip code, while the lowest median tax bill is also $559 in the same zip code.
Average Arcadia Assessed Value
$66,746
Average Lincoln County Assessed Value
$106,951
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71001 | $16,371 | $33,066 | $66,746 | $135,342 | $186,120 |
Source: Ownwell
Property Tax Bills Across Arcadia, Louisiana
In Arcadia, located in Lincoln County, LA, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence this calculation, including the property's location, size, and condition. For homeowners in Arcadia, the median home price is $66,746. Property tax bills vary significantly, with the 25th percentile at $316 and the 75th percentile reaching $1,058. At the 90th percentile, tax bills can go up to $1,566. These figures highlight the range of property tax obligations in the area. Comparatively, the national median property tax rate is 0.99%, and Arcadia's property tax rates reflect a similar range, ensuring that homeowners are contributing their fair share to local services and infrastructure. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly.
Average Arcadia Tax Bill
$559
Average Lincoln County Tax Bill
$972
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71001 | $191 | $316 | $559 | $1,058 | $1,566 |
Source: Ownwell