Florien, Louisiana Property Taxes
The median property tax rate in Florien, LA is 1.12%, higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $61,000 in Florien, the typical annual property tax bill amounts to $681, which is significantly lower than the national median of $2,690. Property taxes in Florien are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Florien'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 Florien or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Florien, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$683
Ownwell’s Florien Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florien with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florien 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 Florien, Louisiana
Property taxes in Florien, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florien is 1.12%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Florien set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florien 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 Florien's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71429 zip code has the highest median property tax rate of 1.12%, while the 71429 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Florien provides valuable insights into the varying tax landscape across Vernon Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florien Tax Rate
1.12%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florien, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71429 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Florien, Louisiana
In Florien, 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 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 Florien, 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 Florien helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 71429 in Florien has a median home price of $61,000 and a median tax bill of $681.
Average Florien Assessed Value
$61,000
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 Florien, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71429 | $20,700 | $35,250 | $61,000 | $102,950 | $104,820 |
Source: Ownwell
Property Tax Bills Across Florien, Louisiana
In Florien, located in Vernon Parish, LA, property tax bills are calculated based on the assessed value of a property. The assessment process involves determining the market value of the home and then applying the assessment ratio, which in Louisiana is typically set at 10% for residential properties. For a median home price of $61,000, the assessed value would be $6,100. The property tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's market value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Florien can expect their property tax bills to vary, with the 25th percentile tax bill at $393 and the 75th percentile reaching $1,149. The highest median tax bill in the area is $681, which is significantly lower than the national median property tax rate of 0.99%. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services.
Average Florien Tax Bill
$681
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Florien, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71429 | $231 | $393 | $681 | $1,149 | $1,170 |
Source: Ownwell