Reserve, Louisiana Property Taxes
The median property tax rate in Reserve, LA is 1.25%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Reserve at $75,000, the typical annual property tax bill reaches $774, which is significantly lower than the national median of $2,690. Property taxes in Reserve are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Reserve'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 Reserve or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reserve, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$938
$870
Ownwell’s RESERVE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RESERVE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RESERVE 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 Reserve, Louisiana
Property taxes in RESERVE, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in RESERVE is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within RESERVE set these rates annually, and they can vary significantly across different neighborhoods. Each year, RESERVE 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 RESERVE's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70084 has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with RESERVE provides valuable insights into the varying tax landscape across St. John the Baptist, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reserve Tax Rate
1.25%
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 Reserve, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70084 | 0.31% | 0.75% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Reserve, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Reserve, 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 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 Reserve, 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. For instance, the median home price in Reserve is $75,000. Homeowners in the 25th percentile can expect a tax bill around $375, while those in the 75th percentile might see a bill closer to $939. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reserve Assessed Value
$75,000
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 Reserve, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70084 | $20,000 | $50,350 | $75,000 | $95,000 | $150,000 |
Source: Ownwell
Property Tax Bills Across Reserve, Louisiana
In Reserve, located in St. John the Baptist Parish, LA, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Reserve face a median property tax rate that is competitive compared to the national median rate of 0.99%. The tax bill is influenced by several factors, including the property's assessed value, applicable exemptions, and the local tax rate. For instance, the median home price in Reserve is $75,000, leading to varied tax bills. The 25th percentile tax bill is around $375, while the 75th percentile reaches $939, and the 90th percentile can go up to $1,251. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners better manage their finances and anticipate their annual property tax obligations.
Average Reserve Tax Bill
$774
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 Reserve, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70084 | $188 | $375 | $774 | $939 | $1,251 |
Source: Ownwell