Mangham, Louisiana Property Taxes
The median property tax rate in Mangham, LA is 0.99%, matching the national median of 0.99% but higher than the Louisiana state median of 0.91%. With the median home value in Mangham at $63,700, the typical annual property tax bill is $652, which is significantly lower than the national median of $2,690. Property taxes in Mangham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mangham'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 Mangham or another part of Richland Parish, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mangham, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$631
Ownwell’s MANGHAM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MANGHAM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MANGHAM 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 Mangham, Louisiana
Property taxes in Mangham, Louisiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mangham is 0.99%, which aligns with both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Mangham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mangham 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 Mangham's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71259 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Mangham 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 Mangham Tax Rate
0.99%
Average Richland County Tax Rate
0.92%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mangham, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71259 | 0.83% | 0.90% | 0.99% | 1.16% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Mangham, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mangham, 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 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. 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 Mangham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, zip code 71259 has the highest median tax bill at $652, which is useful information for homeowners aiming to optimize their property tax strategies.
Average Mangham Assessed Value
$63,700
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 Mangham, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71259 | $16,520 | $35,300 | $63,700 | $107,500 | $169,260 |
Source: Ownwell
Property Tax Bills Across Mangham, Louisiana
In Mangham, located in Richland County, LA, property tax bills are determined based on the assessed value of the property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $63,700, homeowners can expect varying tax bills. At the 25th percentile, tax bills are around $386, while at the 75th percentile, they rise to approximately $999. The 90th percentile sees tax bills reaching up to $1,582. These variations are influenced by factors such as property location, improvements, and exemptions. Homeowners in Mangham face a median property tax bill of $652, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Mangham Tax Bill
$652
Average Richland County Tax Bill
$549
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mangham, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71259 | $225 | $386 | $652 | $999 | $1,582 |
Source: Ownwell