Natchez, Louisiana Property Taxes
The median property tax rate in Natchez, LA is 0.96%, slightly lower than the national median of 0.99% but higher than the Louisiana state median of 0.91%. With a median home value of $81,450 in Natchez, the typical annual property tax bill is $784, which is significantly lower than the national median of $2,690. Property taxes in Natchez are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Natchez'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 Natchez 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
Natchez, 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 Natchez Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Natchez with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Natchez 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 Natchez, Louisiana
Property taxes in Natchez, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Natchez is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Natchez set these rates annually, and they can vary significantly across different neighborhoods. Each year, Natchez 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 Natchez's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71456 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Natchez 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 Natchez Tax Rate
0.96%
Average Natchitoches County Tax Rate
0.95%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Natchez, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71456 | 0.93% | 0.93% | 0.96% | 1.03% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Natchez, Louisiana
In Natchez, 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 Natchez, 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 Natchez 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 $784 in the 71456 zip code, while the lowest is also $784 in the same zip code.
Average Natchez Assessed Value
$81,450
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 Natchez, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71456 | $13,950 | $28,450 | $81,450 | $230,475 | $358,820 |
Source: Ownwell
Property Tax Bills Across Natchez, Louisiana
In Natchez, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The assessed value is a percentage of the market value of your property. Factors such as the location, size, and condition of your home play a significant role in determining this value. Once the assessed value is established, local tax rates are applied to compute the final tax bill. Homeowners in Natchez can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile of tax bills is around $292, while the 75th percentile reaches up to $2,146, and the 90th percentile can be as high as $3,378. Comparatively, the national median property tax rate stands at 0.99%, giving homeowners in Natchez a benchmark to understand their tax obligations better. Understanding how these factors influence your property tax bill is crucial for effective financial planning and ensuring you are not overpaying.
Average Natchez Tax Bill
$784
Average Natchitoches County Tax Bill
$605
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Natchez, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71456 | $163 | $292 | $784 | $2,146 | $3,378 |
Source: Ownwell