Flatwoods, Louisiana Property Taxes
The median property tax rate in Flatwoods, Louisiana is 0.85%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Flatwoods at $22,200, the typical annual property tax bill is $193, significantly below the national median of $2,690. Property taxes in Flatwoods are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Flatwoods' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Flatwoods or another part of Natchitoches County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flatwoods, 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 Flatwoods Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flatwoods with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flatwoods 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 Flatwoods, Louisiana
Property taxes in Flatwoods, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flatwoods is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Flatwoods set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flatwoods 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 Flatwoods's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 71427 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Flatwoods provides valuable insights into the varying tax landscape across Natchitoches Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flatwoods Tax Rate
0.85%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flatwoods, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71427 | 0.78% | 0.81% | 0.85% | 1.06% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Flatwoods, Louisiana
In Flatwoods, 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 Natchitoches 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 Flatwoods, 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 Flatwoods 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 $193.00 in the 71427 zip code, which is also the lowest median tax bill.
Average Flatwoods Assessed Value
$22,200
Average Natchitoches County Assessed Value
$62,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flatwoods, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71427 | $4,730 | $7,850 | $22,200 | $34,275 | $64,330 |
Source: Ownwell
Property Tax Bills Across Flatwoods, Louisiana
In Flatwoods, located in Natchitoches County, LA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Factors such as the size, location, and condition of the property play a crucial role in this assessment. Homeowners in Flatwoods can expect a wide range of property tax bills. For instance, the tax bill for the 25th percentile is approximately $83, while those in the 75th percentile pay around $278. At the 90th percentile, the tax bill can reach up to $500. The median home price in Flatwoods is $22,200, which influences the lower tax rates compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly. The highest and lowest median tax bills in the area are both $193, indicating a relatively uniform tax rate within the 71427 zip code.
Average Flatwoods Tax Bill
$193
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Flatwoods, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71427 | $60 | $83 | $193 | $278 | $500 |
Source: Ownwell