Slagle, Louisiana Property Taxes
The median property tax rate in Slagle, LA is 1.48%, considerably higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Slagle, the typical annual property tax bill reaches $491, which is significantly lower than the national median of $2,690. Property taxes in Slagle 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 Slagle'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 Slagle 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
Slagle, 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 Slagle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slagle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slagle 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 Slagle, Louisiana
Property taxes in Slagle, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Slagle is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Slagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slagle 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 Slagle's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71475 zip code has the highest median property tax rate of 1.48%, while the same 71475 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Slagle 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 Slagle Tax Rate
1.48%
Average Vernon County Tax Rate
1.19%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Slagle, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71475 | 1.29% | 1.42% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Slagle, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Slagle, 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's Office 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 Slagle, 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. For instance, the median home price in Slagle is $33,050, with property tax bills ranging from $265 at the 25th percentile to $897 at the 90th percentile. The highest and lowest median tax bills are both $491, found in the 71475 zip code. By understanding 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 Slagle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Slagle Assessed Value
$33,050
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 Slagle, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71475 | $16,660 | $18,550 | $33,050 | $51,475 | $60,430 |
Source: Ownwell
Property Tax Bills Across Slagle, Louisiana
In Slagle, Vernon County, LA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Slagle is $33,050. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in the 25th percentile, tax bills typically amount to $265, while those in the 75th percentile see bills around $764. At the 90th percentile, tax bills can reach up to $897. These tax amounts are influenced by various factors, including the property's location, its assessed value, and any applicable exemptions. The median property tax rate in the area is significantly lower than the national median of 0.99%, making it relatively affordable for homeowners. Understanding these factors can help homeowners budget effectively and anticipate their annual property tax obligations.
Average Slagle Tax Bill
$491
Average Vernon County Tax Bill
$626
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Slagle, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71475 | $218 | $265 | $491 | $764 | $897 |
Source: Ownwell