Melrose, Louisiana Property Taxes
The median property tax rate in Melrose, LA is 0.98%, closely aligned with the national median of 0.99% but slightly higher than the Louisiana state median of 0.91%. With a median home value of $44,050 in Melrose, the typical annual property tax bill is $430, significantly lower than the national median of $2,690. Property taxes in Melrose are determined based on the assessed value, which is usually lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Melrose'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 Melrose or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Melrose, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$432
$401
Ownwell’s Melrose Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Melrose. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Melrose to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in neighborhood-level trends, additional localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Melrose, Louisiana
Property taxes in Melrose, LA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Melrose is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Melrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Melrose 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 Melrose's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 71452 has both the highest and the lowest median property tax rate of 0.98%. Understanding how these areas compare with Melrose 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 Melrose Tax Rate
0.98%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Melrose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71452 | 0.93% | 0.94% | 0.98% | 1.02% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Melrose, Louisiana
In Melrose, 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 Melrose, 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 Melrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Melrose are both $430, with the zip code 71452.
Average Melrose Assessed Value
$44,050
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 Melrose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71452 | $21,070 | $24,825 | $44,050 | $138,700 | $257,410 |
Source: Ownwell
Property Tax Bills Across Melrose, Louisiana
In Melrose, located in Natchitoches, LA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the local tax assessor. Various factors influence the tax bill, including the home's size, location, and condition. The median home price in Melrose is $44,050, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $253, indicating that lower-valued properties incur relatively modest taxes. On the higher end, the 75th percentile tax bill reaches up to $1,302, while the 90th percentile can go as high as $2,394. These figures highlight the range of property tax burdens depending on property values and assessed rates. Compared to the national median property tax rate of 0.99%, homeowners in Melrose may find their tax rates relatively manageable, but the exact amount can still vary widely based on individual property assessments and local tax regulations.
Average Melrose Tax Bill
$430
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Melrose, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71452 | $219 | $253 | $430 | $1,302 | $2,394 |
Source: Ownwell