Fort Johnson, Louisiana Property Taxes
The median property tax rate in Fort Johnson, LA is 1.20%, significantly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $62,000 in Fort Johnson, the typical annual property tax bill is $747, which is below the national median of $2,690. Property taxes in Fort Johnson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fort Johnson'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 Fort Johnson 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
Fort Johnson, Louisiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,820
Ownwell’s Fort Johnson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Johnson 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 Fort Johnson, Louisiana
Property taxes in Fort Johnson, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Johnson is 0.83%, lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Fort Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Johnson 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 Fort Johnson's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71351 zip code has the highest median property tax rate of 0.83%, while the 71351 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Fort Johnson 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 Fort Johnson Tax Rate
1.20%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Johnson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71459 | 1.16% | 1.18% | 1.20% | 1.23% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Fort Johnson, Louisiana
In Fort Johnson, 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 local 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. Assessment notices in Fort Johnson 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 Fort Johnson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 71459 has both the highest and lowest median tax bill, amounting to $747.
Average Fort Johnson Assessed Value
$62,000
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 Fort Johnson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71459 | $13,760 | $31,850 | $62,000 | $62,450 | $62,720 |
Source: Ownwell
Property Tax Bills Across Fort Johnson, Louisiana
In Fort Johnson, LA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, and various factors such as property size, location, and improvements can influence this valuation. For homeowners in Fort Johnson, the median home price is $62,000. Given the local tax rate, homeowners can expect their tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $383, while those at the 75th percentile reach approximately $770. At the 90th percentile, tax bills can be as high as $784. Comparatively, the national median property tax rate is 0.99%, which means that Fort Johnson homeowners may find their tax rates competitive, especially when considering the highest median tax bill in the area stands at $747, specifically in the 71459 zip code. This system ensures that property taxes reflect the value and specifics of each property, impacting homeowners' annual expenses accordingly.
Average Fort Johnson Tax Bill
$747
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Johnson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71459 | $165 | $383 | $747 | $770 | $784 |
Source: Ownwell