Loranger, Louisiana Property Taxes
The median property tax rate in Loranger, LA is 0.77%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Loranger at $100,217, the typical annual property tax bill amounts to $763, significantly below the national median of $2,690. Property taxes in Loranger are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Loranger'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 Loranger or another part of Tangipahoa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Loranger, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$772
$716
Ownwell’s Loranger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loranger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loranger 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 Loranger, Louisiana
Property taxes in Loranger, Louisiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Loranger is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Loranger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loranger 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 Loranger's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 70446 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Loranger provides valuable insights into the varying tax landscape across Tangipahoa Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Loranger Tax Rate
0.77%
Average Tangipahoa County Tax Rate
0.87%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loranger, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70446 | 0.72% | 0.72% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Loranger, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Loranger, Louisiana. 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 Tangipahoa 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 Loranger, 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 Loranger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Loranger are both $769, found in the 70446 zip code.
Average Loranger Assessed Value
$100,217
Average Tangipahoa County Assessed Value
$100,451
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Loranger, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70446 | $20,852 | $54,533 | $101,396 | $169,713 | $226,495 |
Source: Ownwell
Property Tax Bills Across Loranger, Louisiana
In Loranger, property tax bills are calculated based on the assessed value of a home, which is determined by the Tangipahoa County Assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $100,217, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $412, while those in the 75th percentile see bills closer to $1,274. At the 90th percentile, tax bills can reach as high as $1,708. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Loranger's tax bills can be relatively moderate. However, the financial impact on homeowners can vary widely depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Loranger Tax Bill
$763
Average Tangipahoa County Tax Bill
$889
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Loranger, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70446 | $158 | $414 | $769 | $1,277 | $1,710 |
Source: Ownwell