Newellton, Louisiana Property Taxes
The median property tax rate in Newellton, LA is 1.23%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Newellton, the typical annual property tax bill reaches $245, which is significantly lower than the national median of $2,690. Property taxes in Newellton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Newellton'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 Newellton 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
Newellton, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$406
$377
Ownwell’s Newellton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newellton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newellton 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 Newellton, Louisiana
Property taxes in Newellton, Louisiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newellton is 1.23%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Newellton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newellton 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 Newellton's effective property tax rate to other areas in Louisiana and the national median. For comparison, the 71357 zip code, which includes Newellton, has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Newellton provides valuable insights into the varying tax landscape across Tensas Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newellton Tax Rate
1.23%
Average Tensas County Tax Rate
1.24%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newellton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71357 | 0.25% | 0.87% | 1.23% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Newellton, Louisiana
In Newellton, 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 Tensas 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 Newellton, 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 Newellton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Newellton is $245.00 in the 71357 zip code, which is also the lowest median tax bill, reflecting the consistency in tax assessments across the area.
Average Newellton Assessed Value
$33,000
Average Tensas County Assessed Value
$33,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newellton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71357 | $8,000 | $14,000 | $33,000 | $68,000 | $207,805 |
Source: Ownwell
Property Tax Bills Across Newellton, Louisiana
In Newellton, located in Tensas Parish, LA, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor, who evaluates the property's market value and then applies an assessment ratio. For homeowners in Newellton, the assessed value is a percentage of the market value, which is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's age, condition, location, and any improvements made. The median home price in Newellton is $33,000, which significantly impacts the tax bill. Homeowners in the 25th percentile can expect a tax bill around $115, while those in the 75th percentile face bills closer to $658. At the 90th percentile, tax bills can reach up to $2,780. Given the national median property tax rate of 0.99%, Newellton's property taxes can be relatively manageable, but they still represent a significant expense for homeowners, especially those with higher-valued properties.
Average Newellton Tax Bill
$245
Average Tensas County Tax Bill
$271
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Newellton, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71357 | $66 | $115 | $245 | $658 | $2,780 |
Source: Ownwell