Epps, Louisiana Property Taxes
The median property tax rate in EPPS, LA is 0.73%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in EPPS at $49,500, the typical annual property tax bill is $386, significantly below the national median of $2,690. Property taxes in EPPS are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding EPPS'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 EPPS or another part of West Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Epps, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$361
$335
Ownwell’s EPPS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EPPS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EPPS 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 Epps, Louisiana
Property taxes in EPPS, Louisiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EPPS is 0.73%, which is below the U.S. national median of 0.99%. Local government entities within EPPS set these rates annually, and they can vary significantly across different neighborhoods. Each year, EPPS 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 EPPS's effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71237 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with EPPS provides valuable insights into the varying tax landscape across West Carroll, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Epps Tax Rate
0.73%
Average West Carroll County Tax Rate
0.68%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | 0.73% | 0.73% | 0.73% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Epps, Louisiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in EPPS, 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 West Carroll County 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. In EPPS, 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. In EPPS, the median home price is $49,500. The 25th percentile tax bill is $160, while the 75th percentile tax bill is $563, and the 90th percentile tax bill is $735. The zip code with both the highest and lowest median tax bill is 71237, with a median tax bill of $386. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Epps Assessed Value
$49,500
Average West Carroll County Assessed Value
$70,000
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $10,000 | $22,000 | $49,500 | $75,000 | $92,440 |
Source: Ownwell
Property Tax Bills Across Epps, Louisiana
In EPPS, located in West Carroll County, LA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local assessor's office and typically represents a percentage of your property's market value. Homeowners in EPPS can expect their property tax bill to be influenced by several factors, including the assessed value of their home and the local tax rate. To put this into perspective, the median home price in EPPS is $49,500. Tax bills in the area range widely, with the 25th percentile at $160 and the 75th percentile reaching $563. The 90th percentile tax bill goes up to $735. It's important to note that the highest and lowest median tax bills in West Carroll County are both $386, indicating some level of consistency within the region. This variability can significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Comparatively, the national median property tax rate stands at 0.99%, making it essential for EPPS homeowners to understand how their local rates and assessed values stack up against broader benchmarks.
Average Epps Tax Bill
$386
Average West Carroll County Tax Bill
$496
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Epps, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71237 | $79 | $160 | $386 | $563 | $735 |
Source: Ownwell