Erwinville, Louisiana Property Taxes
The median property tax rate in Erwinville, LA is 0.61%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $79,990 in Erwinville, the typical annual property tax bill is $500, which is well below the national median of $2,690. Property taxes in Erwinville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Erwinville'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 Erwinville 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
Erwinville, 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 Erwinville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Erwinville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Erwinville 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 Erwinville, Louisiana
Property taxes in Erwinville, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Erwinville is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within Erwinville set these rates annually, and they can vary across different neighborhoods. Each year, Erwinville 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 Erwinville's effective property tax rate to other areas in Pointe Coupee Parish and the national median. For comparison, the 70729 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these figures compare with Erwinville provides valuable insights into the varying tax landscape across Pointe Coupee Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Erwinville Tax Rate
0.61%
Average Pointe Coupee County Tax Rate
0.65%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Erwinville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70729 | 0.61% | 0.61% | 0.61% | 0.61% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Erwinville, Louisiana
In Erwinville, Louisiana, grasping the difference between "market value" and "assessed value" is essential for understanding property taxes. The market value represents the price a willing buyer would pay a willing seller in a competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by Pointe Coupee Parish 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. Assessment notices in Erwinville 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 Erwinville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 70729, both at $500.
Average Erwinville Assessed Value
$79,990
Average Pointe Coupee County Assessed Value
$86,100
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Erwinville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70729 | $20,100 | $31,500 | $79,990 | $119,450 | $207,364 |
Source: Ownwell
Property Tax Bills Across Erwinville, Louisiana
In Erwinville, located in Pointe Coupee County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local assessment ratio and the applicable tax rate are used to determine this assessed value. For instance, with a median home price of $79,990, the assessed value would be a fraction of this market price, multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Erwinville can expect their property tax bills to vary significantly, with the 25th percentile bill being around $194 and the 75th percentile reaching $734. At the 90th percentile, some may see bills as high as $1,328. Compared to the national median property tax rate of 0.99%, Erwinville's rates reflect the local economic conditions and property values. These taxes fund essential services like schools, infrastructure, and emergency services, impacting homeowners by contributing to the overall quality of life in the community.
Average Erwinville Tax Bill
$500
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Erwinville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70729 | $124 | $194 | $500 | $734 | $1,328 |
Source: Ownwell