Oak Grove, Louisiana Property Taxes
The median property tax rate in Oak Grove, LA is 0.68%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With a median home value of $73,000 in Oak Grove, the typical annual property tax bill is $510, significantly below the national median of $2,690. Property taxes in Oak Grove are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Oak Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Oak Grove or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oak Grove, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$496
$461
Ownwell’s Oak Grove Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Oak Grove. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Oak Grove to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making financial planning easier. For those interested in more granular data, scroll down to explore neighborhood-level trends. Your property’s assessed value is determined by West Carroll County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Oak Grove, Louisiana
Property taxes in Oak Grove, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oak Grove is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Oak Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oak Grove 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 Oak Grove's effective property tax rate to other areas in West Carroll County and the national median. For comparison, the zip code 71263 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Oak Grove provides valuable insights into the varying tax landscape across West Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oak Grove Tax Rate
0.68%
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 Oak Grove, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71263 | 0.68% | 0.68% | 0.68% | 0.73% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Oak Grove, Louisiana
In Oak Grove, 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 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 Oak Grove, 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 Oak Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 71263 at $510.
Average Oak Grove Assessed Value
$73,000
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 Oak Grove, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71263 | $15,000 | $37,000 | $73,000 | $86,000 | $131,072 |
Source: Ownwell
Property Tax Bills Across Oak Grove, Louisiana
In Oak Grove, located in West Carroll County, LA, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Oak Grove is $73,000. To determine the tax bill, local tax rates are applied to the assessed value. The tax bill varies significantly across different percentiles; for instance, the 25th percentile tax bill is $273, while the 75th percentile tax bill is $640, and the 90th percentile tax bill reaches up to $940. Factors such as property location, improvements, and exemptions also play a role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Oak Grove may find their tax bills to be relatively moderate. These tax bills directly impact homeowners by influencing their overall housing costs, making it essential for property owners to understand how their tax obligations are calculated and what factors might affect their annual payments.
Average Oak Grove Tax Bill
$510
Average West Carroll County Tax Bill
$496
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Oak Grove, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71263 | $109 | $273 | $510 | $640 | $940 |
Source: Ownwell