Delhi, Louisiana Property Taxes
The median property tax rate in Delhi, LA is 0.87%, 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 $52,500 in Delhi, the typical annual property tax bill amounts to $453, significantly below the national median of $2,690. Property taxes in Delhi are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Delhi’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 Delhi or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delhi, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$457
Ownwell’s Delhi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delhi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delhi 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 Delhi, Louisiana
Property taxes in Delhi, Louisiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Delhi is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Delhi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delhi 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 Delhi's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 71232 has both the highest and lowest median property tax rate in the region, standing at 0.87%. Understanding how these areas compare with Delhi provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delhi Tax Rate
0.87%
Average Richland County Tax Rate
0.92%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delhi, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71232 | 0.85% | 0.85% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Delhi, Louisiana
In Delhi, 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 Richland 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 Delhi, 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 Delhi 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 71232, with a median tax bill of $453, while the lowest is also 71232 with the same median tax bill of $453.
Average Delhi Assessed Value
$52,500
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 Delhi, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71232 | $11,100 | $25,000 | $52,500 | $89,975 | $179,780 |
Source: Ownwell
Property Tax Bills Across Delhi, Louisiana
In Delhi, located in Richland County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. The median home price in Delhi is $52,500, and homeowners can expect a median tax bill of around $453. This falls below the national median property tax rate of 0.99%, offering relatively affordable property taxes for residents. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions or deductions. For instance, tax bills in the 25th percentile are approximately $216, while those in the 75th percentile reach up to $779, and the 90th percentile can see tax bills as high as $1,559. These variations can significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding these factors can help homeowners better prepare for their annual property tax obligations.
Average Delhi Tax Bill
$453
Average Richland County Tax Bill
$549
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Delhi, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71232 | $94 | $216 | $453 | $779 | $1,559 |
Source: Ownwell