Richland County, Louisiana Property Taxes
The median property tax rate in Richland is 0.92%, slightly below the national median of 0.99% but marginally higher than Louisiana's state median of 0.91%. With a median home value of $57,800, the typical annual property tax bill in Richland is $549, significantly lower than the national median of $2,690. Property taxes in Richland are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Richland's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Rayville or another part of Richland, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Richland County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$532
$493
Ownwell’s Richland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Richland with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Richland to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Richland County, Louisiana
Property taxes in Richland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Richland County is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Richland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Richland County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Richland County's effective property tax rate with other regions and the national median. For comparison, the city of Mangham has one of the higher property tax rates in the region at 0.99%, while the city of Start boasts one of the lowest at 0.76%. Analyzing how Richland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Richland County Tax Rate
0.92%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Richland County, Louisiana
In Richland, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Richland Appraisal District. The assessed value, however, 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 Richland are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Richland, the city with the highest median tax bill is Oak Ridge at $783, while Start has the lowest at $179. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Richland County, Louisiana
Source: Ownwell
$42,300
$66,100
$89,900
Average Richland County Assessed Value
$57,800
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Richland County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $6,000 | $16,050 | $42,300 | $79,850 | $124,220 |
| Delhi | $11,100 | $25,000 | $52,500 | $89,975 | $179,780 |
| Epps | N/A | N/A | N/A | N/A | N/A |
| Mangham | $16,520 | $35,300 | $63,700 | $107,500 | $169,260 |
| Oak Ridge | $33,800 | $58,200 | $89,900 | $227,600 | $350,600 |
| Rayville | $14,600 | $31,800 | $60,200 | $107,475 | $189,840 |
| Start | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Richland County, Louisiana
In Richland County, LA, 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 county is $57,800. Property tax rates are applied to this assessed value to determine the annual tax bill. Various factors can influence the final tax amount, including local tax rates, exemptions, and the specific characteristics of the property. For homeowners in Richland County, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $294, while the 75th percentile reaches $925, and the 90th percentile climbs to $1,616. This variability shows how different factors, such as property location and specific exemptions, can impact the overall tax burden. Notably, Oak Ridge has the highest median tax bill at $783, whereas Start has the lowest at $179. Compared to the national median property tax rate of 0.99%, Richland County's rates can be quite varied, affecting homeowners differently based on their property's assessed value and location within the county.
Average Richland County Tax Bill
$549
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690