Lacombe, Louisiana Property Taxes
The median property tax rate in Lacombe, LA is 0.91%, which is slightly below the national median of 0.99% but matches the Louisiana state median of 0.91%. With a median home value in Lacombe of $117,040, the typical annual property tax bill is around $1,098, significantly less than the national median of $2,690. Property taxes in Lacombe 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 Lacombe'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 Lacombe 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
Lacombe, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,065
Ownwell’s Lacombe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lacombe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lacombe 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 Lacombe, Louisiana
Property taxes in Lacombe, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lacombe is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Lacombe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lacombe 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 Lacombe's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 70445 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Lacombe 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 regions.
Average Lacombe Tax Rate
0.91%
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 Lacombe, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70445 | 0.33% | 0.58% | 0.91% | 1.42% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Lacombe, Louisiana
In Lacombe, 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 Lacombe, 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 Lacombe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lacombe are both $1,098, found in the 70445 zip code.
Average Lacombe Assessed Value
$117,040
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 Lacombe, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70445 | $35,000 | $69,600 | $117,040 | $178,130 | $254,296 |
Source: Ownwell
Property Tax Bills Across Lacombe, Louisiana
In Lacombe, located in St. Tammany Parish, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, the median home price is $117,040. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition play a significant role in determining its market value, which in turn affects the assessed value and ultimately the tax bill. Homeowners in Lacombe can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $530, while the 75th percentile tax bill rises to $2,030. At the higher end, the 90th percentile tax bill reaches $3,200. These variations can have a considerable impact on household budgets, making it essential for homeowners to understand how their property taxes are calculated and to plan accordingly. The median tax bill in the area stands at $1,098, which is higher than the national median property tax rate of 0.99%.
Average Lacombe Tax Bill
$1,098
Average St. Tammany County Tax Bill
$1,777
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Lacombe, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70445 | $262 | $530 | $1,098 | $2,030 | $3,200 |
Source: Ownwell