Marthaville, Louisiana Property Taxes
The median property tax rate in Marthaville, LA is 0.97%, slightly below the national median of 0.99% but higher than the Louisiana state median of 0.91%. With a median home value of $43,600 in Marthaville, the typical annual property tax bill is $419, significantly lower than the national median of $2,690. Property taxes in Marthaville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marthaville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marthaville 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
Marthaville, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$423
$392
Ownwell’s Marthaville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marthaville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marthaville 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 Marthaville, Louisiana
Property taxes in Marthaville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marthaville is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Marthaville set these rates annually, and they can vary across different neighborhoods. Each year, Marthaville 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 Marthaville's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71450 zip code has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Marthaville 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 Marthaville Tax Rate
0.97%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marthaville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71450 | 0.97% | 0.97% | 0.97% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Marthaville, Louisiana
In Marthaville, 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 Marthaville, 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 Marthaville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in the area are both $419, found in the 71450 zip code.
Average Marthaville Assessed Value
$43,600
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 Marthaville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71450 | $9,400 | $18,825 | $43,600 | $84,900 | $137,400 |
Source: Ownwell
Property Tax Bills Across Marthaville, Louisiana
In Marthaville, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Marthaville can expect a wide range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $180, while the 75th percentile tax bill reaches approximately $832. At the higher end, the 90th percentile tax bill can be as much as $1,334. These tax bills are influenced by several factors, including property size, location, and market conditions. Homeowners in zip code 71450, which covers Marthaville, experience a median tax bill of $419. This figure is significantly lower than the national median property tax rate of 0.99%, making Marthaville an attractive location for those looking to minimize their property tax burden. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Marthaville Tax Bill
$419
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Marthaville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71450 | $91 | $180 | $419 | $832 | $1,334 |
Source: Ownwell