Epps, Louisiana Property Taxes
The median property tax rate in EPPS, LA is 0.85%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in EPPS, the typical annual property tax bill is around $523, significantly below the national median of $2,690. Property taxes in EPPS are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of EPPS'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 EPPS or another part of Richland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Epps, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$524
Ownwell’s EPPS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EPPS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EPPS 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 Epps, Louisiana
Property taxes in EPPS, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EPPS is 0.85%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within EPPS set these rates annually, and they can vary significantly across different neighborhoods. Each year, EPPS 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 EPPS's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71237 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with EPPS provides valuable insights into the varying tax landscape across Richland Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Epps Tax Rate
0.85%
Average Richland County Tax Rate
0.92%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Epps, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in EPPS, Louisiana. The market value represents 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 County Appraisal District 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 EPPS, 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 EPPS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $523.00, found in the 71237 zip code area.
Average Epps Assessed Value
$61,650
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 Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $43,930 | $50,575 | $61,650 | $72,725 | $79,370 |
Source: Ownwell
Property Tax Bills Across Epps, Louisiana
In EPPS, located in Richland County, Louisiana, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in EPPS is $61,650. Property tax rates in Louisiana are typically relatively low compared to the national median property tax rate of 0.99%. For homeowners in EPPS, the tax bill varies significantly. At the 25th percentile, the tax bill is around $429, while at the 75th percentile, it rises to $617. The 90th percentile sees tax bills as high as $674. The highest and lowest median tax bills in the area both stand at $523, specifically in the 71237 zip code. These variations in tax bills can affect homeowners differently based on their property's assessed value and specific location within the county. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Epps Tax Bill
$523
Average Richland County Tax Bill
$549
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $373 | $429 | $523 | $617 | $674 |
Source: Ownwell