Delhi, Madison County, Louisiana Property Taxes
The median property tax rate in Delhi, LA is 1.10%, which is notably higher than both the national median of 0.99% and Louisiana's state median of 0.91%. With the median home value in Delhi, the typical annual property tax bill reaches $616, significantly lower than the national median of $2,690. Property taxes in Delhi 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 Delhi'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 Delhi or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delhi, Madison County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$616
$572
Ownwell’s Delhi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delhi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delhi 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 Delhi, Madison County, Louisiana
Property taxes in Delhi, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delhi is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Delhi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delhi 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 Delhi's effective property tax rate to other areas and the national median. For comparison, the zip code 71232 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these areas compare with Delhi provides valuable insights into the varying tax landscape across Madison Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delhi Tax Rate
1.10%
Average Madison County Tax Rate
1.39%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delhi, Madison County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71232 | 1.10% | 1.10% | 1.10% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Delhi, Madison County, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Delhi, Louisiana. 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 Madison 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 Delhi, 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 Delhi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 71232 at $616, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Delhi, Madison County, Louisiana
Source: Ownwell
$21,560
$38,780
$56,000
Average Delhi Assessed Value
$56,000
Average Madison County Assessed Value
$38,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delhi, Madison County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71232 | $20,420 | $37,740 | $56,000 | $77,980 | $127,222 |
Source: Ownwell
Property Tax Bills Across Delhi, Madison County, Louisiana
Property tax bills in Delhi within Madison County, LA, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value determined by the local tax assessor. Various factors, such as the property's location, size, and condition, play a significant role in determining this value. Homeowners in Delhi can expect a range of tax bills, with the 25th percentile at $415 and the 75th percentile at $863, indicating variability based on property characteristics. Compared to the national median property tax rate of 0.99%, Delhi's rates can significantly impact homeowners' financial planning. For instance, the highest median tax bill in the area is $616, found in the 71232 zip code, which aligns with the county's average. This variability means that while some homeowners may find their tax bills manageable, others might face higher costs, influencing their overall housing affordability. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Delhi Tax Bill
$616
Average Madison County Tax Bill
$491
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Delhi, Madison County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71232 | $225 | $415 | $616 | $863 | $1,404 |
Source: Ownwell