Choudrant, Lincoln County, Louisiana Property Taxes
The median property tax rate in Choudrant, LA is 0.86%, 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 $108,734 in Choudrant, the typical annual property tax bill is $951, which is below the national median of $2,690. Property taxes in Choudrant are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Choudrant'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 Choudrant 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
Choudrant, Lincoln County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$935
$868
Ownwell’s Choudrant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Choudrant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Choudrant 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 Choudrant, Lincoln County, Louisiana
Property taxes in Choudrant, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Choudrant is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Choudrant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Choudrant 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 Choudrant's effective property tax rate to other areas and the national median. For comparison, the zip code 71227 has both the highest and lowest median property tax rate in the area, standing at 0.86%. Understanding how these figures compare with Choudrant provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Choudrant Tax Rate
0.86%
Average Lincoln County Tax Rate
0.89%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Choudrant, Lincoln County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71227 | 0.80% | 0.80% | 0.86% | 0.93% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Choudrant, Lincoln County, Louisiana
In Choudrant, 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 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 Choudrant, 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 Choudrant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 71227 has the highest and lowest median tax bill of $951.
Property Tax Assessment Values Across Choudrant, Lincoln County, Louisiana
Source: Ownwell
$60,836
$93,401
$125,966
Average Choudrant Assessed Value
$108,734
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 Choudrant, Lincoln County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71227 | $22,690 | $53,646 | $108,734 | $199,588 | $379,584 |
Source: Ownwell
Property Tax Bills Across Choudrant, Lincoln County, Louisiana
In Choudrant, Lincoln County, LA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, local tax rates are applied to compute the tax bill. Several factors influence the tax bill, including the property's location, size, and improvements. For instance, in Choudrant, the median home price is $108,734. Homeowners in this area can expect their annual property tax bills to vary significantly. The tax bill at the 25th percentile is $494, while at the 75th percentile, it reaches $1,641. At the 90th percentile, it can soar to $3,110. These property taxes can have a substantial impact on homeowners, affecting their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Choudrant's property tax rates reflect a range that can be either more affordable or considerably higher, depending on the specific property and its assessed value.
Average Choudrant Tax Bill
$951
Average Lincoln County Tax Bill
$972
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Choudrant, Lincoln County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71227 | $253 | $494 | $951 | $1,641 | $3,110 |
Source: Ownwell