Natalbany, Louisiana Property Taxes
The median property tax rate in Natalbany, LA is 0.87%, slightly lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Natalbany at $70,187, the typical annual property tax bill comes to $611, which is significantly below the national median of $2,690. Property taxes in Natalbany are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Natalbany'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 Natalbany 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
Natalbany, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$611
Ownwell’s Natalbany Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Natalbany with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Natalbany 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 Natalbany, Louisiana
Property taxes in Natalbany, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Natalbany is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Natalbany set these rates annually, and they can vary significantly across different neighborhoods. Each year, Natalbany 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 Natalbany's effective property tax rate to other areas in Tangipahoa Parish and the national median. For comparison, the 70451 zip code has both the highest and lowest median property tax rate of 0.87%. Understanding how these areas compare with Natalbany 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 Natalbany Tax Rate
0.87%
Average Tangipahoa County Tax Rate
0.87%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Natalbany, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70451 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Natalbany, Louisiana
In Natalbany, 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 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 Natalbany, 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 Natalbany helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 70451, with a tax bill of $611.00.
Average Natalbany Assessed Value
$70,187
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 Natalbany, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70451 | $8,500 | $45,583 | $70,187 | $126,995 | $187,316 |
Source: Ownwell
Property Tax Bills Across Natalbany, Louisiana
In Natalbany, Tangipahoa County, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's market value, local tax rates, and any applicable exemptions influence the final amount. For a median home price of $70,187, homeowners in Natalbany can expect varying tax bills. For instance, those in the 25th percentile might pay around $397 annually, while those in the 75th percentile could see bills as high as $1,106. At the 90th percentile, the tax bill can reach up to $1,632. Compared to the national median property tax rate of 0.99%, these figures provide insight into the local tax burden. These property taxes are crucial for funding community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners better manage their financial planning and obligations.
Average Natalbany Tax Bill
$611
Average Tangipahoa County Tax Bill
$889
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Natalbany, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70451 | $69 | $397 | $611 | $1,106 | $1,632 |
Source: Ownwell