La Place, Louisiana Property Taxes
The median property tax rate in La Place, LA is 0.71%, which is notably lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $123,360 in La Place, the typical annual property tax bill amounts to $939, significantly less than the national median of $2,690. Property taxes in La Place are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding La Place's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of La Place or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Place, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$876
$813
Ownwell’s LA PLACE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PLACE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PLACE 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 La Place, Louisiana
Property taxes in La Place, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Place is 0.71%, which is lower than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within La Place set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Place 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 La Place's effective property tax rate to other regions in Louisiana and the national median. For comparison, the zip code 70068 has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with La Place provides valuable insights into the varying tax landscape across St. John the Baptist Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Place Tax Rate
0.71%
Average St. John The Baptist County Tax Rate
0.84%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Place, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70068 | 0.37% | 0.49% | 0.71% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across La Place, Louisiana
In La Place, 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. John the Baptist 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 La Place, 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. The median home price in La Place is $123,360, with tax bills ranging from $538 at the 25th percentile to $2,002 at the 90th percentile. The highest and lowest median tax bills are both $939, found in the 70068 zip code. 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 La Place helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Place Assessed Value
$123,360
Average St. John The Baptist County Assessed Value
$112,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Place, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70068 | $75,000 | $103,000 | $123,360 | $165,000 | $208,000 |
Source: Ownwell
Property Tax Bills Across La Place, Louisiana
In La Place, located in St. John the Baptist Parish, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in La Place experience a range of property tax bills, with the 25th percentile at $538 and the 75th percentile at $1402. The highest median tax bill in the area is $939, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the home's market value, local tax rates, and applicable exemptions. These taxes fund essential public services like schools, infrastructure, and emergency services. For homeowners, understanding their property tax bill is crucial for financial planning. The relatively lower property tax rates in La Place can make homeownership more affordable compared to other regions, potentially attracting new residents seeking cost-effective living options.
Average La Place Tax Bill
$939
Average St. John The Baptist County Tax Bill
$836
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across La Place, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70068 | $313 | $538 | $939 | $1,402 | $2,002 |
Source: Ownwell