French Settlement, Louisiana Property Taxes
The median property tax rate in French Settlement, LA, is 0.95%, slightly below the national median of 0.99% but above the Louisiana state median of 0.91%. With the median home value in French Settlement at $75,400, the typical annual property tax bill amounts to $717, which is significantly lower than the national median of $2,690. Property taxes in French Settlement are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding French Settlement'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 French Settlement or another part of Livingston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
French Settlement, 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 French Settlement Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in French Settlement with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in French Settlement 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 French Settlement, Louisiana
Property taxes in French Settlement, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in French Settlement is 0.95%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within French Settlement set these rates annually, and they can vary significantly across different neighborhoods. Each year, French Settlement 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 French Settlement's effective property tax rate to other areas in Livingston Parish and the national median. For comparison, the 70733 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with French Settlement provides valuable insights into the varying tax landscape across Livingston Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average French Settlement Tax Rate
0.95%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across French Settlement, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70733 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across French Settlement, Louisiana
In French Settlement, 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 Livingston 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 French Settlement, 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 French Settlement helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 70733, with a median tax bill of $717.
Property Tax Assessment Values Across French Settlement, Louisiana
Source: Ownwell
$43,400
$212,850
$382,300
Average French Settlement Assessed Value
$75,400
Average Livingston County Assessed Value
$123,300
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across French Settlement, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70733 | $23,600 | $40,000 | $75,400 | $140,100 | $181,000 |
Source: Ownwell
Property Tax Bills Across French Settlement, Louisiana
In French Settlement, Livingston County, LA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. For example, if the median home price is $75,400, the assessed value would be a fraction of this amount, depending on local regulations. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or abatements. The median property tax bill in the area is $717, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in French Settlement can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is $382, while the 75th percentile reaches $1,330, and the 90th percentile can go up to $1,718. These variations can impact homeowners' budgets significantly, making it crucial for them to understand how their property taxes are calculated and what factors might affect their annual tax obligations.
Average French Settlement Tax Bill
$717
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across French Settlement, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70733 | $224 | $382 | $717 | $1,330 | $1,718 |
Source: Ownwell