Dodson, Louisiana Property Taxes
The median property tax rate in Dodson, LA is 1.00%, slightly higher than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Dodson at $35,000, the typical annual property tax bill is $350, which is significantly lower than the national median of $2,690. Property taxes in Dodson 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 Dodson'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 Dodson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dodson, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$350
$325
Ownwell’s Dodson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dodson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dodson 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 Dodson, Louisiana
Property taxes in Dodson, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodson is 0.24%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Dodson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodson 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 Dodson's effective property tax rate to other areas in Louisiana and the national median. For comparison, the highest median property tax rate in Louisiana is found in 71422 with a rate of 0.53%, while the lowest median tax rate is also in 71422 at 0.53%. Understanding how these cities compare with Dodson provides valuable insights into the varying tax landscape across Winn Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodson Tax Rate
1.00%
Average Winn County Tax Rate
0.79%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71422 | 1.00% | 1.00% | 1.00% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Dodson, Louisiana
In Dodson, 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 Winn Parish Assessor 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 Dodson, 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 Dodson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71422 in Dodson has both the highest and lowest median tax bills, each at $350.
Average Dodson Assessed Value
$35,000
Average Winn County Assessed Value
$36,260
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71422 | $8,500 | $17,000 | $35,000 | $64,600 | $85,620 |
Source: Ownwell
Property Tax Bills Across Dodson, Louisiana
In Dodson, located in Winn County, LA, property tax bills are determined based on the property's assessed value, which is a percentage of its market value. The median home price in Dodson is $35,000. Homeowners can expect their tax bills to vary significantly depending on the assessed value of their property and the local tax rate. For instance, the 25th percentile tax bill is $170, while the 75th percentile tax bill rises to $636, and the 90th percentile tax bill reaches $846. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions or deductions. The highest and lowest median tax bills in Dodson are both $350, indicating a relatively consistent tax rate across different zip codes. Compared to the national median property tax rate of 0.99%, Dodson's property tax rates can be seen as relatively moderate, making it an appealing location for homeowners seeking affordable property taxes.
Average Dodson Tax Bill
$350
Average Winn County Tax Bill
$296
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodson, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71422 | $85 | $170 | $350 | $636 | $846 |
Source: Ownwell