Waterproof, Louisiana Property Taxes
The median property tax rate in Waterproof, LA is 1.32%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Waterproof, the typical annual property tax bill reaches $179, which is significantly lower than the national median of $2,690. Property taxes in Waterproof 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 Waterproof'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 Waterproof or another part of Tensas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waterproof, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$268
Ownwell’s Waterproof Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waterproof with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waterproof 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 Waterproof, Louisiana
Property taxes in Waterproof, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waterproof is 1.32%, significantly higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Waterproof set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waterproof 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 Waterproof's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71375 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Waterproof 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 Waterproof Tax Rate
1.32%
Average Tensas County Tax Rate
1.24%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waterproof, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71375 | 0.27% | 0.38% | 1.32% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Waterproof, Louisiana
In Waterproof, 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 Waterproof, 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. For instance, the highest median tax bill in the area is $179 in zip code 71375, which is also the lowest median 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 Waterproof helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waterproof Assessed Value
$20,300
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 Waterproof, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71375 | $7,000 | $11,000 | $20,300 | $41,000 | $76,108 |
Source: Ownwell
Property Tax Bills Across Waterproof, Louisiana
In Waterproof, located in Tensas County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Waterproof experience a range of property tax bills, with the 25th percentile tax bill at $94 and the 75th percentile tax bill at $350. At the higher end, the 90th percentile tax bill reaches $732. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. The median home price in Waterproof stands at $20,300, which significantly impacts the overall tax obligation. Compared to the national median property tax rate of 0.99%, homeowners in Waterproof might find their tax rates relatively manageable. However, understanding how these factors interact is crucial for homeowners aiming to anticipate and manage their annual property tax expenses effectively.
Average Waterproof Tax Bill
$179
Average Tensas County Tax Bill
$271
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Waterproof, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71375 | $47 | $94 | $179 | $350 | $732 |
Source: Ownwell