Flora, Louisiana Property Taxes
The median property tax rate in Flora, LA is 1.27%, notably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Flora at $39,400, the typical annual property tax bill reaches $500, which, while lower in dollar amount, still represents a significant portion of the home value compared to the national median tax bill of $2,690. Property taxes in Flora are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Flora'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 Flora or another part of Natchitoches Parish, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flora, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$500
$464
Ownwell’s FLORA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FLORA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FLORA 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 Flora, Louisiana
Property taxes in Flora, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Flora is 1.27%, significantly higher than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Flora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flora 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 Flora's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71428 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Flora provides valuable insights into the varying tax landscape across Natchitoches, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flora Tax Rate
1.27%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flora, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71428 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Flora, Louisiana
In Flora, 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 Flora, 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 Flora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Flora are both $500, with the zip code 71428 reflecting these values.
Average Flora Assessed Value
$39,400
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 Flora, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71428 | $39,400 | $39,400 | $39,400 | $39,400 | $39,400 |
Source: Ownwell
Property Tax Bills Across Flora, Louisiana
In Flora, located in Natchitoches Parish, LA, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The assessed value is a percentage of the market value, and local tax rates are then applied to this assessed value to determine the final tax bill. For homeowners in Flora, the median home price is $39,400. Despite the relatively low property values, the property tax bills remain consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $500. This uniformity suggests a stable tax rate across different property values. Homeowners in Flora experience property tax rates that are significantly lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also reflects the lower property values in the area. For residents, understanding these factors is crucial for financial planning and managing the costs associated with homeownership.
Average Flora Tax Bill
$500
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Flora, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71428 | $500 | $500 | $500 | $500 | $500 |
Source: Ownwell