Epps, Louisiana Property Taxes
The median property tax rate in EPPS, LA is 1.10%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in EPPS, the typical annual property tax bill reaches $594, which is below the national median of $2,690. Property taxes in EPPS 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 EPPS'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 EPPS 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
Epps, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$594
Ownwell’s EPPS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EPPS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EPPS 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 Epps, Louisiana
Property taxes in EPPS, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EPPS is 1.10%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within EPPS set these rates annually, and they can vary significantly across different neighborhoods. Each year, EPPS 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 EPPS's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 71237 has both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with EPPS 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 Epps 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 Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | 1.10% | 1.10% | 1.10% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Epps, Louisiana
In EPPS, 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 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 EPPS, 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 EPPS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $594 in the 71237 zip code, while the lowest is also $594 in the same zip code.
Average Epps Assessed Value
$54,000
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 Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $32,920 | $37,250 | $54,000 | $58,000 | $67,200 |
Source: Ownwell
Property Tax Bills Across Epps, Louisiana
In EPPS, located in Madison County, LA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of your property's market value. The tax rate, applied to this assessed value, determines your annual property tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For homeowners in EPPS, the median home price is $54,000. Property tax bills can vary significantly, with the 25th percentile at $410 and the 75th percentile at $638. The 90th percentile tax bill is $739, indicating that some homeowners pay much higher taxes depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Madison County's property tax rates can have a considerable impact on homeowners, affecting their annual financial planning and overall cost of living.
Average Epps Tax Bill
$594
Average Madison County Tax Bill
$491
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $363 | $410 | $594 | $638 | $739 |
Source: Ownwell