Anacoco, Louisiana Property Taxes
The median property tax rate in Anacoco, 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 Anacoco, the typical annual property tax bill reaches $603, which is significantly lower than the national median of $2,690. Property taxes in Anacoco 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 Anacoco'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 Anacoco 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
Anacoco, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$613
Ownwell’s Anacoco Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Anacoco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anacoco 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 Anacoco, Louisiana
Property taxes in Anacoco, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anacoco is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Anacoco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anacoco 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 Anacoco's effective property tax rate to other areas in Vernon County and the national median. For comparison, the 71403 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Anacoco provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anacoco Tax Rate
1.23%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anacoco, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71403 | 1.12% | 1.12% | 1.23% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Anacoco, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Anacoco, Louisiana. 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 Vernon 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 Anacoco, 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 Anacoco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $603, found in the zip code 71403.
Average Anacoco Assessed Value
$49,800
Average Vernon County Assessed Value
$52,900
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anacoco, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71403 | $6,800 | $17,900 | $49,800 | $94,000 | $174,120 |
Source: Ownwell
Property Tax Bills Across Anacoco, Louisiana
In Anacoco, Vernon County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Anacoco is $49,800. Property taxes are calculated by applying the local tax rate to the assessed value of the property. The tax bill is influenced by various factors, including the property's market value, any applicable exemptions, and local tax rates. Homeowners in Anacoco typically see a range of tax bills. For instance, the 25th percentile tax bill is $213, while the 75th percentile tax bill is $1,143. At the higher end, the 90th percentile tax bill reaches $2,191. The highest and lowest median tax bills in the area are both recorded at $603 in the 71403 zip code. Compared to the national median property tax rate of 0.99%, the tax rates in Anacoco can result in significantly different tax bills, impacting homeowners' annual financial planning and overall cost of living.
Average Anacoco Tax Bill
$603
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Anacoco, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71403 | $84 | $213 | $603 | $1,143 | $2,191 |
Source: Ownwell