Meraux, Louisiana Property Taxes
The median property tax rate in Meraux, LA is 0.89%, slightly lower than the state median of 0.91% and below the national median of 0.99%. With the median home value in Meraux at $140,700, the typical annual property tax bill is $1,385, which is significantly less than the national median of $2,690. Property taxes in Meraux are calculated 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. By understanding Meraux’s property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Meraux or another part of St. Bernard County, gaining insight into the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Meraux, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,252
Ownwell’s Meraux Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meraux with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meraux 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 Meraux, Louisiana
Property taxes in Meraux, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meraux is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Meraux set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meraux 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 Meraux's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70075 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Meraux provides valuable insights into the varying tax landscape across St. Bernard Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meraux Tax Rate
0.89%
Average St. Bernard County Tax Rate
0.98%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meraux, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70075 | 0.38% | 0.63% | 0.89% | 1.13% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Meraux, Louisiana
In Meraux, 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 St. Bernard 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 Meraux, 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 Meraux helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Meraux's 70075 zip code are both $1,385, which is above the national median property tax rate of 0.99%.
Average Meraux Assessed Value
$140,700
Average St. Bernard County Assessed Value
$110,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meraux, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70075 | $74,594 | $100,995 | $140,700 | $198,248 | $251,750 |
Source: Ownwell
Property Tax Bills Across Meraux, Louisiana
In Meraux, located in St. Bernard Parish, LA, property tax bills are calculated based on a combination of the assessed value of the property and the local tax rates. The assessed value is determined by the local assessor's office and typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate, which varies by jurisdiction, is applied to calculate the annual property tax bill. For homeowners in Meraux, the median home price is $140,700, and the property tax bills can vary significantly. The 25th percentile tax bill is $773, while the 75th percentile reaches $2,157, and the 90th percentile climbs to $2,984. These variations highlight how different factors, such as property value and specific tax rates, influence the final tax bill. Compared to the national median property tax rate of 0.99%, Meraux's property tax rates can impact homeowners differently, potentially leading to higher or lower tax obligations depending on individual property assessments and local tax policies.
Average Meraux Tax Bill
$1,385
Average St. Bernard County Tax Bill
$1,179
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Meraux, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70075 | $379 | $773 | $1,385 | $2,157 | $2,984 |
Source: Ownwell