St. Mary County, Louisiana Property Taxes
The median property tax rate in St. Mary is 1.12%, which is significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in St. Mary at $58,475, the typical annual property tax bill is $638, which is lower than the national median of $2,690. Property taxes in St. Mary are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding St. Mary's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Morgan City or another part of St. Mary, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St. Mary County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$655
$608
Ownwell’s St. Mary Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in St. Mary with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in St. Mary to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across St. Mary County, Louisiana
Property taxes in St. Mary play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in St. Mary is 1.12%, which is higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within St. Mary set these rates annually, and they can vary significantly between different areas within the county. Each year, St. Mary estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares St. Mary's effective property tax rate with other counties in Louisiana and the national median. For comparison, the city of Jeanerette has one of the higher property tax rates in Louisiana at 1.37%, while the city of Berwick boasts one of the lowest at 0.93%. Analyzing how St. Mary’s tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average St. Mary County Tax Rate
1.12%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across St. Mary County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amelia | 0.84% | 0.84% | 1.00% | 1.00% | 1.00% |
| Baldwin | 1.15% | 1.15% | 1.15% | 1.16% | 1.27% |
| Berwick | 0.93% | 0.93% | 0.93% | 0.93% | 0.94% |
| Centerville | N/A | N/A | N/A | N/A | N/A |
| Charenton | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Cypremort Point | N/A | N/A | N/A | N/A | N/A |
| Franklin | 1.10% | 1.16% | 1.23% | 1.23% | 1.27% |
| Jeanerette | 1.27% | 1.27% | 1.37% | 1.47% | 1.47% |
| Morgan City | 0.95% | 0.95% | 0.95% | 1.00% | 1.23% |
| Patterson | 1.04% | 1.04% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across St. Mary County, Louisiana
In St. Mary, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the St. Mary Appraisal District. The assessed value, however, 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 in St. Mary are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in St. Mary will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In St. Mary, the highest median tax bill is found in Cypremort Point at $1,274, while Jeanerette has the lowest at $512.
Property Tax Assessment Values Across St. Mary County, Louisiana
Source: Ownwell
$10,640
$45,460
$80,280
Average St. Mary County Assessed Value
$58,475
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St. Mary County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amelia | $4,410 | $6,190 | $10,640 | $25,000 | $42,770 |
| Baldwin | $12,848 | $28,100 | $51,750 | $88,820 | $136,220 |
| Berwick | $10,240 | $32,255 | $75,640 | $166,508 | $312,650 |
| Centerville | N/A | N/A | N/A | N/A | N/A |
| Charenton | $4,000 | $15,540 | $44,790 | $62,250 | $111,050 |
| Cypremort Point | N/A | N/A | N/A | N/A | N/A |
| Franklin | $7,158 | $20,910 | $47,680 | $89,205 | $166,516 |
| Jeanerette | $5,635 | $12,800 | $37,095 | $83,735 | $142,715 |
| Morgan City | $9,000 | $28,800 | $62,815 | $109,150 | $156,651 |
| Patterson | $11,200 | $36,830 | $80,280 | $131,700 | $188,440 |
Source: Ownwell
Property Tax Bills Across St. Mary County, Louisiana
In St. Mary County, LA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, property type, and any applicable exemptions or deductions can influence the assessed value and, consequently, the tax bill. For homeowners in St. Mary County, the tax bills can vary significantly. For instance, the 25th percentile of tax bills is around $276, while the 75th percentile reaches $1,192. The 90th percentile can go as high as $1,894. Comparatively, the highest median tax bill in the county is $1,274 in Cypremort Point, whereas the lowest is $512 in Jeanerette. Understanding these variations is crucial for homeowners as it affects their annual financial planning. By knowing the factors that influence property taxes, homeowners can better anticipate their yearly expenses and explore potential exemptions to reduce their tax burden.
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across St. Mary County, Louisiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amelia | $44 | $60 | $100 | $211 | $429 |
| Baldwin | $153 | $333 | $603 | $1,053 | $1,587 |
| Berwick | $101 | $305 | $703 | $1,548 | $2,905 |
| Centerville | N/A | N/A | N/A | N/A | N/A |
| Charenton | $51 | $197 | $568 | $789 | $1,407 |
| Cypremort Point | N/A | N/A | N/A | N/A | N/A |
| Franklin | $84 | $255 | $578 | $1,082 | $1,995 |
| Jeanerette | $77 | $175 | $512 | $1,151 | $1,947 |
| Morgan City | $90 | $285 | $632 | $1,117 | $1,612 |
| Patterson | $125 | $407 | $887 | $1,449 | $2,058 |
Source: Ownwell