Abita Springs, Louisiana Property Taxes
The median property tax rate in Abita Springs, LA is 0.96%, slightly below the national median of 0.99% but higher than the Louisiana state median of 0.91%. With the median home value in Abita Springs at $167,360, the typical annual property tax bill reaches $1,710, which is lower than the national median of $2,690. Property taxes in Abita Springs are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Abita Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Abita Springs 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
Abita Springs, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,607
Ownwell’s Abita Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abita Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abita Springs 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 Abita Springs, Louisiana
Property taxes in Abita Springs, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abita Springs is 0.96%, which is slightly below the U.S. national median of 0.99%. Local government entities within Abita Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abita Springs 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 Abita Springs' effective property tax rate to other areas in St. Tammany Parish and the national median. For comparison, the 70420 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Abita Springs provides valuable insights into the varying tax landscape across St. Tammany Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abita Springs Tax Rate
0.96%
Average St. Tammany County Tax Rate
0.98%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abita Springs, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70420 | 0.57% | 0.78% | 0.96% | 1.27% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Abita Springs, Louisiana
In Abita Springs, 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. Tammany 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 Abita Springs, 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 Abita Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in the area is 70420, with a median tax bill of $1710.
Property Tax Assessment Values Across Abita Springs, Louisiana
Source: Ownwell
$66,430
$160,395
$254,360
Average Abita Springs Assessed Value
$167,360
Average St. Tammany County Assessed Value
$172,720
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abita Springs, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70420 | $59,812 | $120,470 | $167,360 | $220,470 | $326,738 |
Source: Ownwell
Property Tax Bills Across Abita Springs, Louisiana
In Abita Springs, located in St. Tammany 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 market value, and various factors such as the property's location, size, and condition are considered in this process. For homeowners in Abita Springs, the median home price is $167,360, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners can expect tax bills to vary significantly. For instance, those in the 25th percentile might see tax bills around $1,101, while those in the 75th percentile could face bills as high as $2,609. At the 90th percentile, tax bills can reach up to $4,250. These figures highlight the range of property tax obligations, which can impact household budgets and financial planning. Compared to the national median property tax rate of 0.99%, the tax dynamics in Abita Springs show how local assessments and home values influence the final tax bill.
Average Abita Springs Tax Bill
$1,710
Average St. Tammany County Tax Bill
$1,777
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Abita Springs, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70420 | $508 | $1,101 | $1,710 | $2,609 | $4,250 |
Source: Ownwell