Oscar, Louisiana Property Taxes
The median property tax rate in OSCAR, LA is 0.61%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in OSCAR at $229,500, the typical annual property tax bill reaches $1,418, which is significantly below the national median of $2,690. Property taxes in OSCAR are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding OSCAR'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 OSCAR 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
Oscar, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,400
Ownwell’s OSCAR Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in OSCAR. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in OSCAR to provide an accurate estimate of your property tax bill. This practical tool helps you gauge potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, serves as the basis for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Oscar, Louisiana
Property taxes in Oscar, Louisiana, play a pivotal role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oscar is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Oscar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oscar 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 Oscar's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70762 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 cities compare with Oscar 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 Oscar 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 Oscar, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70762 | 0.61% | 0.61% | 0.61% | 0.61% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Oscar, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oscar, Louisiana. 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 Oscar, 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 Oscar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Oscar, the zip code with the highest median tax bill is 70762, with a median bill of $1,418.
Average Oscar Assessed Value
$229,500
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 Oscar, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70762 | $90,490 | $152,625 | $229,500 | $324,025 | $516,316 |
Source: Ownwell
Property Tax Bills Across Oscar, Louisiana
In Oscar, Pointe Coupee, LA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For instance, a home with a median price of $229,500 in Oscar can expect a range of tax bills, from the 25th percentile at $950 to the 90th percentile at $3,214. The median property tax rate in Oscar is significantly below the national median of 0.99%, which can be a relief for homeowners. However, the highest median tax bill in the area is $1,418, found in the 70762 zip code. This relatively low tax burden can make homeownership more affordable, but it's essential for homeowners to stay informed about potential fluctuations in property values and tax rates, as these can directly impact their annual tax bills.
Average Oscar Tax Bill
$1,418
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Oscar, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70762 | $556 | $950 | $1,418 | $1,991 | $3,214 |
Source: Ownwell