Natchitoches, Louisiana Property Taxes
The median property tax rate in Natchitoches, LA is 0.79%, 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 $21,190 in Natchitoches, the typical annual property tax bill is around $169, significantly below the national median of $2,690. Property taxes in Natchitoches are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Natchitoches' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to notable annual savings. Whether you're in the heart of Natchitoches or another part of the city, getting to know the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Natchitoches, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$167
Ownwell’s Natchitoches Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Natchitoches with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Natchitoches 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 Natchitoches, Louisiana
Property taxes in Natchitoches, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Natchitoches is 0.18%, significantly lower than both the Louisiana state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Natchitoches set these rates annually, and they can vary across different neighborhoods. Each year, Natchitoches 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 Natchitoches' effective property tax rate to other counties in Louisiana and the national median. For comparison, the 71457 zip code has the highest median property tax rate of 0.18%, while the same zip code also represents the lowest median tax rate of 0.18%. Understanding how these cities compare with Natchitoches 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 Natchitoches Tax Rate
0.79%
Average Winn County Tax Rate
0.79%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Natchitoches, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71457 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Natchitoches, Louisiana
In Natchitoches, 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 districts 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 Natchitoches, 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 Natchitoches helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $169, found in zip code 71457.
Average Natchitoches Assessed Value
$21,190
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 Natchitoches, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71457 | $3,490 | $7,870 | $21,190 | $51,368 | $75,000 |
Source: Ownwell
Property Tax Bills Across Natchitoches, Louisiana
In Natchitoches, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Natchitoches can expect their tax bills to vary significantly, with the 25th percentile tax bill at $62 and the 75th percentile at $404. For those at the higher end of the spectrum, the 90th percentile tax bill reaches $590. Several factors influence these tax bills, including the home's market value, local millage rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Natchitoches residents may find their tax rates to be relatively affordable, especially given the median home price of $21,190. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Natchitoches Tax Bill
$169
Average Winn County Tax Bill
$296
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Natchitoches, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71457 | $27 | $62 | $169 | $404 | $590 |
Source: Ownwell