Maringouin, Louisiana Property Taxes
The median property tax rate in Maringouin, LA is 0.66%, significantly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $88,100 in Maringouin, the typical annual property tax bill is $592, well below the national median of $2,690. Property taxes in Maringouin are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Maringouin'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 Maringouin 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
Maringouin, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$581
Ownwell’s Maringouin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maringouin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maringouin 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 Maringouin, Louisiana
Property taxes in Maringouin, Louisiana, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Maringouin is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Maringouin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maringouin 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 Maringouin's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70757 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Maringouin provides valuable insights into the varying tax landscape across Pointe Coupee, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maringouin Tax Rate
0.66%
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 Maringouin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70757 | 0.66% | 0.66% | 0.66% | 0.66% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Maringouin, Louisiana
In Maringouin, 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's Office 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 Maringouin, 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 Maringouin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 70757, with a median tax bill of $592, while the lowest median tax bill is also in 70757, reflecting the uniformity in tax assessments within the area.
Average Maringouin Assessed Value
$88,100
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 Maringouin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70757 | $25,000 | $47,600 | $88,100 | $163,200 | $226,400 |
Source: Ownwell
Property Tax Bills Across Maringouin, Louisiana
In Maringouin, located in Pointe Coupee Parish, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $88,100. Local tax authorities then apply the relevant tax rate to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can also influence the assessed value. For instance, tax bills in Maringouin can range significantly, with the 25th percentile at $319 and the 75th percentile at $1,091. At the higher end, the 90th percentile tax bill reaches $1,562. The median tax bill in the area is $592.00, which is applied uniformly across the zip code 70757. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby affecting the overall community and individual property values.
Average Maringouin Tax Bill
$592
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Maringouin, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70757 | $166 | $319 | $592 | $1,091 | $1,562 |
Source: Ownwell