Centerville, Louisiana Property Taxes
The median property tax rate in Centerville, LA is 1.10%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Centerville at $50,900, the typical annual property tax bill reaches $559, exceeding the national median of $2,690. Property taxes in Centerville 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 Centerville'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 Centerville 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
Centerville, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Centerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centerville 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 Centerville, Louisiana
Property taxes in Centerville, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerville is 1.10%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Centerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerville 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 Centerville's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 70522 zip code has the highest median property tax rate of 1.10%, while the 70522 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Centerville provides valuable insights into the varying tax landscape across St. Mary, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centerville Tax Rate
1.10%
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 Centerville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70522 | 1.10% | 1.10% | 1.10% | 1.10% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Centerville, Louisiana
In Centerville, 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. Mary County Appraisal District 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 Centerville, 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 Centerville is $50,900, with tax bills ranging from as low as $76 at the 25th percentile to $2,870 at the 90th percentile. The highest median tax bill is $559 in zip code 70522. 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 Centerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centerville Assessed Value
$50,900
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 Centerville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70522 | $2,772 | $6,930 | $50,900 | $98,320 | $210,828 |
Source: Ownwell
Property Tax Bills Across Centerville, Louisiana
In Centerville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. Homeowners in Centerville, located in St. Mary County, typically see a range of property tax bills. For instance, the 25th percentile tax bill is around $76, while the 75th percentile tax bill reaches approximately $1,079. The 90th percentile tax bill can go as high as $2,870. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. The median home price in Centerville is $50,900, and with a national median property tax rate of 0.99%, homeowners can compare how their local rates align with national averages. Higher property tax bills can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and financial planning.
Average Centerville Tax Bill
$559
Average St. Mary County Tax Bill
$638
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerville, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70522 | $30 | $76 | $559 | $1,079 | $2,870 |
Source: Ownwell