Torbert, Louisiana Property Taxes
The median property tax rate in Torbert, LA is 0.66%, considerably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Torbert at $103,400, the typical annual property tax bill reaches $686, well below the national median of $2,690. Property taxes in Torbert 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 Torbert'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 Torbert 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
Torbert, 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 Torbert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Torbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Torbert 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 Torbert, Louisiana
Property taxes in Torbert, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Torbert is 0.66%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Torbert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Torbert 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 Torbert's effective property tax rate to other regions and the national median. For comparison, the zip code 70762 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 Torbert 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 Torbert 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 Torbert, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70762 | 0.61% | 0.66% | 0.66% | 0.66% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Torbert, Louisiana
In Torbert, 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 Torbert, 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 Torbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70762 in Torbert has both the highest and lowest median tax bill at $686.
Average Torbert Assessed Value
$103,400
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 Torbert, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70762 | $27,280 | $53,650 | $103,400 | $217,825 | $241,370 |
Source: Ownwell
Property Tax Bills Across Torbert, Louisiana
In Torbert, located in Pointe Coupee County, LA, property tax bills are determined based on the assessed value of a home. The assessed value is derived from a percentage of the property's market value, which, for median homes priced at $103,400, serves as the foundation for calculating taxes. Property tax rates in Torbert are influenced by various factors, including local government budgets and the needs of public services like schools and infrastructure. Homeowners in Torbert can expect varying tax bills. For instance, the 25th percentile tax bill is $356, while the 75th percentile tax bill reaches $1,375. At the higher end, the 90th percentile tax bill stands at $1,499. These figures illustrate the range homeowners might encounter, influenced by the specific valuation and applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Torbert reflect the local economic and administrative factors. Understanding these elements helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Torbert Tax Bill
$686
Average Pointe Coupee County Tax Bill
$566
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Torbert, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70762 | $181 | $356 | $686 | $1,375 | $1,499 |
Source: Ownwell