Hornbeck, Louisiana Property Taxes
The median property tax rate in Hornbeck, LA is 1.12%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Hornbeck at $35,700, the typical annual property tax bill reaches $402, which is much lower than the national median of $2,690. Property taxes in Hornbeck 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 Hornbeck'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 Hornbeck 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
Hornbeck, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$400
$371
Ownwell’s Hornbeck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hornbeck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hornbeck 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 Hornbeck, Louisiana
Property taxes in Hornbeck, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hornbeck is 1.12%, higher than both the Louisiana state median and the U.S. national median of 0.99%. Local government entities within Hornbeck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hornbeck 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 Hornbeck's effective property tax rate to other areas in Louisiana and the national median. For comparison, the zip code 71439 has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Hornbeck 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 Hornbeck 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 Hornbeck, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71439 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Hornbeck, Louisiana
In Hornbeck, 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 local appraisal authorities 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 Hornbeck, 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 Hornbeck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hornbeck is $35,700, with the 25th percentile tax bill at $151 and the 75th percentile tax bill at $803. The highest and lowest median tax bills both amount to $402 in the 71439 zip code.
Average Hornbeck Assessed Value
$35,700
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 Hornbeck, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71439 | $3,230 | $13,175 | $35,700 | $71,925 | $122,100 |
Source: Ownwell
Property Tax Bills Across Hornbeck, Louisiana
In Hornbeck, Vernon County, LA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value, reflecting the current worth of the home. Factors such as property size, location, and condition play a crucial role in this assessment. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Hornbeck, the impact of property taxes can vary significantly. The median home price is $35,700, and tax bills range widely. At the 25th percentile, homeowners might pay around $151 annually, while those at the 75th percentile could face bills as high as $803. At the 90th percentile, the tax bill can reach up to $1,363. The highest median tax bill in the area is $402, which is notably lower than the national median property tax rate of 0.99%. This variability underscores the importance of understanding local property assessments and tax rates.
Average Hornbeck Tax Bill
$402
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Hornbeck, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71439 | $37 | $151 | $402 | $803 | $1,363 |
Source: Ownwell