Fordoche, Louisiana Property Taxes
The median property tax rate in Fordoche, LA is 0.79%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $75,800 in Fordoche, the typical annual property tax bill amounts to $594, significantly less than the national median of $2,690. Property taxes in Fordoche are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fordoche'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 Fordoche or another part of Pointe Coupee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fordoche, 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 Fordoche Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fordoche with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fordoche 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 Fordoche, Louisiana
Property taxes in Fordoche, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fordoche is 0.79%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Fordoche set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fordoche 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 Fordoche's effective property tax rate to other areas in Pointe Coupee Parish and the national median. For comparison, the zip code 70732 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Fordoche 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 Fordoche Tax Rate
0.79%
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 Fordoche, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70732 | 0.67% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Fordoche, Louisiana
In Fordoche, 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 Pointe Coupee 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 Fordoche, 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. The median home price in Fordoche is $75,800. 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 Fordoche helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $594 in the 70732 zip code.
Average Fordoche Assessed Value
$75,800
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 Fordoche, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70732 | $18,990 | $40,275 | $75,800 | $111,998 | $164,780 |
Source: Ownwell
Property Tax Bills Across Fordoche, Louisiana
In Fordoche, located in Pointe Coupee Parish, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For instance, with a median home price of $75,800, the tax bill can vary significantly depending on various factors such as property location and local tax rates. Homeowners in Fordoche can expect tax bills to range from $319 at the 25th percentile to $1,257 at the 90th percentile. The median tax bill stands at $594, which is notably lower than the national median property tax rate of 0.99%. Several factors impact the final tax bill, including property size, improvements, and local government budgets. These property taxes fund essential services like schools, infrastructure, and emergency services, directly affecting the community's quality of life. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Fordoche Tax Bill
$594
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Fordoche, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70732 | $155 | $319 | $594 | $880 | $1,257 |
Source: Ownwell