Bonita, Louisiana Property Taxes
The median property tax rate in Bonita, LA is 1.00%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Bonita, the typical annual property tax bill reaches $238, which is significantly lower than the national median of $2,690. Property taxes in Bonita 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 Bonita'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 Bonita 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
Bonita, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$230
$214
Ownwell’s Bonita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bonita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bonita 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 Bonita, Louisiana
Property taxes in Bonita, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bonita is 1.00%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Bonita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bonita 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 Bonita's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71223 has both the highest and lowest median property tax rates in the county at 1.00%. Understanding how these cities compare with Bonita provides valuable insights into the varying tax landscape across Morehouse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bonita Tax Rate
1.00%
Average Morehouse County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bonita, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71223 | 0.99% | 0.99% | 1.00% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Bonita, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bonita, Louisiana. The market value represents 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 Morehouse 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 Bonita, 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. The median home price in Bonita is $23,038, with tax bills varying significantly. For instance, the 25th percentile tax bill is $113, while the 75th percentile tax bill is $491. The highest and lowest median tax bills are both $238, found in the 71223 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bonita Assessed Value
$23,038
Average Morehouse County Assessed Value
$47,417
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bonita, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71223 | $5,009 | $10,800 | $23,038 | $47,040 | $92,157 |
Source: Ownwell
Property Tax Bills Across Bonita, Louisiana
In Bonita, located in Morehouse County, LA, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value determined by the local assessor. For homeowners in Bonita, the median home price stands at $23,038. The property tax rate in this area is applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in Bonita experience a range of tax bills, with the 25th percentile at $113 and the 75th percentile at $491, while the 90th percentile reaches $970. This variation reflects differences in property values and potential exemptions. Compared to the national median property tax rate of 0.99%, Bonita's tax bills can be relatively modest, offering some financial relief to homeowners. However, understanding these factors is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Bonita Tax Bill
$238
Average Morehouse County Tax Bill
$587
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bonita, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71223 | $52 | $113 | $238 | $491 | $970 |
Source: Ownwell