Talisheek, Louisiana Property Taxes
The median property tax rate in Talisheek, LA is 1.08%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Talisheek at $96,850, the typical annual property tax bill is $689, significantly lower than the national median of $2,690. Property taxes in Talisheek 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 Talisheek'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 Talisheek or another part of St. Tammany County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Talisheek, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,046
Ownwell’s Talisheek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Talisheek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Talisheek 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 Talisheek, Louisiana
Property taxes in Talisheek, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talisheek is 1.08%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Talisheek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talisheek 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 Talisheek's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70464 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Talisheek 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 Talisheek Tax Rate
1.08%
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 Talisheek, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70464 | 0.26% | 0.30% | 1.08% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Talisheek, Louisiana
In Talisheek, 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 Talisheek, 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. The median home price in Talisheek is $96,850, with the 25th percentile tax bill at $296 and the 75th percentile tax bill at $1,243. Notably, the highest and lowest median tax bills are both $689 in the 70464 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Talisheek Assessed Value
$96,850
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 Talisheek, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70464 | $42,500 | $54,390 | $96,850 | $113,480 | $206,480 |
Source: Ownwell
Property Tax Bills Across Talisheek, Louisiana
In Talisheek, located in St. Tammany Parish, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $96,850, the property tax rate is applied to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Talisheek can expect tax bills that vary significantly. The 25th percentile tax bill is around $296, while the 75th percentile reaches $1,243, and the 90th percentile can be as high as $2,339. This range highlights the impact of property values and specific local tax rates on individual tax liabilities. Compared to the national median property tax rate of 0.99%, Talisheek's tax bills reflect the region's unique economic and property market conditions. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Talisheek Tax Bill
$689
Average St. Tammany County Tax Bill
$1,777
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Talisheek, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70464 | $242 | $296 | $689 | $1,243 | $2,339 |
Source: Ownwell