Houma, Terrebonne County, Louisiana Property Taxes

Name: Property Tax Bills Across Houma, Terrebonne County, Louisiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Houma, LA effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Houma, LA home value: $109,800
Median annual Houma, LA tax bill: $556, $1,844 lower than the national median property tax bill of $2,400.

How are property taxes in Terrebonne calculated?

Property taxes in Houma, LA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Houma’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Houma, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Houma, Terrebonne County, Louisiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$582

$540

Ownwell’s Houma Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Houma with just two data points. By entering your property's estimated assessed value, our calculator applies Houma’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Terrebonne Parish. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Houma, Terrebonne County, Louisiana

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Houma’s effective property tax rate to other cities in Louisiana and the median property tax rates in Louisiana and the U.S. Houma, located in Terrebonne Parish, has a median property tax rate that is notably lower than the national median. This can be particularly appealing for homeowners looking to minimize their annual expenses. The effective property tax rate in Houma is consistent with the highest and lowest rates in the area, offering a stable and predictable tax environment. When comparing Houma to other regions within Louisiana, homeowners can appreciate the relative affordability of property taxes, which can contribute to a more favorable cost of living.

Property Tax Rates Across Houma, Terrebonne County, Louisiana

Source: Ownwell

0.66%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Houma Tax Rate

0.53%

Median Effective Terrebonne County Tax Rate

0.49%

Median Effective Louisiana Tax Rate

0.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Houma, Terrebonne County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
70360	0.16%	0.47%	0.66%	0.79%	0.92%
70361	N/A	N/A	N/A	N/A	N/A
70363	N/A	N/A	N/A	N/A	N/A
70364	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Houma, Terrebonne County, Louisiana

When examining property taxes in Houma, Louisiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Terrebonne County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Terrebonne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Houma.

For example, the median home price in Houma is $109,800, with tax bills ranging significantly across the county. Zip code 70360 has the highest median home price at $165,350.

Property Tax Assessment Values Across Houma, Terrebonne County, Louisiana

Source: Ownwell

$165,350

Median Houma Market Value

$109,800

Median Terrebonne County Market Value

$97,800

Median Louisiana Market Value

$105,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Houma, Terrebonne County, Louisiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
70360	$47,400	$89,312	$165,350	$256,675	$349,400
70361	N/A	N/A	N/A	N/A	N/A
70363	N/A	N/A	N/A	N/A	N/A
70364	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Houma, Terrebonne County, Louisiana

In Houma, Terrebonne Parish, Louisiana, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. Factors such as location, property size, and improvements can influence the assessed value. With a median home price of $109,800, homeowners in Houma can expect tax bills that vary widely. While the 25th percentile tax bill is $186, the 75th percentile reaches $1,092, and the 90th percentile can be as high as $1,855. This range indicates a significant variation in property tax burdens among homeowners. Despite these variations, the highest and lowest median tax bills in the area are both $1,030, highlighting a relatively consistent tax burden across different neighborhoods. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By ensuring that properties are fairly assessed, Ownwell helps clients save money and reduce their financial burden.

Property Tax Bills Across Houma, Terrebonne County, Louisiana

Source: Ownwell

$1,030

Median Houma Tax Bill

$556

Median Terrebonne County Tax Bill

$468

Median Louisiana Tax Bill

$865

Median United States Tax Bill

$2,400

Property Tax Bills Across Houma, Terrebonne County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
70360	$104	$401	$1,030	$1,805	$2,649
70361	N/A	N/A	N/A	N/A	N/A
70363	N/A	N/A	N/A	N/A	N/A
70364	N/A	N/A	N/A	N/A	N/A

Source: Ownwell