Bogalusa, Louisiana Property Taxes
The median property tax rate in Bogalusa, LA is 0.98%, closely aligned with the national median of 0.99% and slightly above the Louisiana state median of 0.91%. With the median home value in Bogalusa at $67,000, the typical annual property tax bill amounts to $718, which is significantly lower than the national median of $2,690. Property taxes in Bogalusa are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bogalusa'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 Bogalusa 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
Bogalusa, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$657
$609
Ownwell’s Bogalusa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bogalusa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bogalusa 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 Bogalusa, Louisiana
Property taxes in Bogalusa, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bogalusa is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Bogalusa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bogalusa 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 Bogalusa's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70427 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Bogalusa 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 Bogalusa Tax Rate
0.98%
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 Bogalusa, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70427 | 0.35% | 0.57% | 0.98% | 1.35% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Bogalusa, Louisiana
In Bogalusa, 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 Bogalusa, 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 Bogalusa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 70427, with a median tax bill of $718.
Average Bogalusa Assessed Value
$67,000
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 Bogalusa, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70427 | $24,282 | $38,250 | $67,000 | $122,395 | $176,332 |
Source: Ownwell
Property Tax Bills Across Bogalusa, Louisiana
In Bogalusa, located in St. Tammany Parish, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the local assessor's office. Homeowners in Bogalusa experience a range of property tax bills, with the 25th percentile paying around $377 and the 75th percentile paying approximately $1,211. The highest median tax bill in the area is $718, 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, any applicable exemptions, and the local tax rate. These taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding these components is crucial as it directly impacts their annual financial obligations. Lower property taxes in Bogalusa can make homeownership more affordable, but it also means being mindful of the services and amenities funded by these taxes.
Average Bogalusa Tax Bill
$718
Average St. Tammany County Tax Bill
$1,777
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Bogalusa, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70427 | $243 | $377 | $718 | $1,211 | $2,063 |
Source: Ownwell