Tallulah, Tensas County, Louisiana Property Taxes
The median property tax rate in Tallulah, 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 Tallulah, the typical annual property tax bill reaches $182, which is significantly lower than the national median of $2,690. Property taxes in Tallulah 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 Tallulah'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 Tallulah 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
Tallulah, Tensas County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$209
$194
Ownwell’s Tallulah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tallulah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tallulah 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 Tallulah, Tensas County, Louisiana
Property taxes in Tallulah, Louisiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Tallulah is 0.33%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Tallulah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tallulah 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 Tallulah's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71282 zip code has the highest median property tax rate of 0.33%, while the same zip code also has the lowest median tax rate of 0.33%. Understanding how these areas compare with Tallulah 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 Tallulah 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 Tallulah, Tensas County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71282 | 1.20% | 1.21% | 1.23% | 1.24% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Tallulah, Tensas County, Louisiana
In Tallulah, 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 County Appraisal District 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 Tallulah, 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 Tallulah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 71282, with a median tax bill of $182.
Property Tax Assessment Values Across Tallulah, Tensas County, Louisiana
Source: Ownwell
$17,030
$25,015
$33,000
Average Tallulah Assessed Value
$17,030
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 Tallulah, Tensas County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71282 | $7,000 | $9,750 | $17,030 | $124,575 | $511,962 |
Source: Ownwell
Property Tax Bills Across Tallulah, Tensas County, Louisiana
Property tax bills in Tallulah, located in Tensas County, LA, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate, or millage rate, is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rates set by local taxing authorities. For instance, the median home price in Tallulah is $17,030, and the property tax bills can vary significantly. Homeowners in the 25th percentile pay around $110, while those in the 75th percentile see bills closer to $1,545. At the 90th percentile, tax bills can reach up to $7,212. These property tax bills impact homeowners by contributing to the cost of homeownership and funding essential public services. Comparing this to the national median property tax rate of 0.99%, Tallulah's property tax rates can be considered relatively moderate, offering some financial relief to homeowners.
Average Tallulah Tax Bill
$182
Average Tensas County Tax Bill
$271
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Tallulah, Tensas County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71282 | $86 | $110 | $182 | $1,545 | $7,212 |
Source: Ownwell