Example of Bossier Parish Property Tax Calculation
In Bossier Parish, property taxes are calculated based on the value of the property. To determine the property tax, the assessed value of the property is multiplied by the millage rate set by the local government.
For example, if a property in Bossier Parish has an assessed value of $100,000 and the millage rate is set at 100, the property tax would be $10,000 ($100,000 x 0.1).
It's important to note that property values and millage rates can vary from year to year, so the property tax may change accordingly. Property owners in Bossier Parish receive an annual tax bill outlining their specific property tax amount.
If you want appeal your property tax assessment - contact your local tax assessor.
Bossier Parish Property Tax Rates
Here is a formatted table of Bossier Parish Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Parish General Fund | $0.47 |
| Parish Road and Drainage | $0.25 |
| School Board General Fund | $0.84 |
| School Board Debt Service | $0.00 |
| School Board Capital Improvements | $0.10 |
| Municipal Taxes (varies by city) | Varies |
Please note that municipal tax rates may vary depending on the city within Bossier Parish. It is recommended to check with your city's government website or tax office for specific rates.
Who sets property tax rates in Bossier Parish ?
Who and when sets property tax rates in Bossier Parish?
In Bossier Parish, property tax rates are set by the Parish Police Jury. The Parish Police Jury is a group of elected officials responsible for governing the parish. They typically set the property tax rates annually during budget discussions, which usually occur in the fall. The property tax rates are then approved and adopted during a public meeting where citizens have the opportunity to provide input and ask questions. It is important for property owners to stay informed about changes in property tax rates, as it can impact their financial obligations.
Homestead exemptions in Bossier Parish ?
To better understand the Homestead exemptions and deductions in Bossier Parish, Louisiana, let's take a closer look at the table below which includes columns for exemption, eligibility, amount, and notes.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Primary residence homeowner | $75,000 | Exemption applies to the first $75,000 of the assessed value of the homeowner's primary residence. |
| Disabled Veterans Exemption | Certain veterans with disabilities | $150,000 | This exemption applies to the first $150,000 of the assessed value of the primary residence of the disabled veteran. |
| Special Assessment Level Freeze | Homeowners 65 years or older or with disabilities | Varies | This provides a cap on the taxable value of the home, with the assessed value being frozen at a certain level, preventing future tax increases. |
| Agricultural Land Use Value | Property used for agriculture | Varies | This exemption allows land to be assessed at its use value rather than its market value if used for farming or agriculture. |
| Senior Citizens Freeze | Homeowners 65 years or older | Varies | This provides a cap on the taxable value of the home, with the assessed value being frozen at a certain level, preventing future tax increases. |
It's important to note that these exemptions and deductions are specific to Bossier Parish in Louisiana and that eligibility requirements and amounts may vary in other counties or states. Homeowners should consult with their local tax assessor's office for more information on these exemptions and deductions specific to their area.
When is Bossier Parish Property Tax due ?
Bossier Parish Property Tax typically is due on December 31st of each year. The payment methods available depend on the specific parish, but typically there are several options including:
- Online Payment: Many parishes offer online payment options through their website or a third-party payment processor.
- Mail-in Payment: Property owners can mail in their payment using the return envelope provided with their tax bill.
- In-person Payment: Property owners can visit the parish tax office to pay in person using cash, check, or credit card.
It's important to note that failure to pay property taxes on time can result in penalties and interest charges, so it's best to pay on or before the due date. Additionally, if a property owner is unable to pay their property taxes, they should contact their parish tax office to discuss payment options or possible payment assistance programs.
If you have more questions - contact your local tax collector.
How is Bossier Parish Property Tax penalty calculated ?
When a property owner in Bossier Parish fails to pay their property taxes on time, they may incur penalties. Here is how the penalty is calculated:
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Base Penalty Rate: The first thing to note is that the penalty rate is determined by the parish government and can vary from year to year. For example, in 2021, the base penalty rate in Bossier Parish is 2 percent.
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Monthly Interest: In addition to the base penalty rate, the property owner will also accrue monthly interest at a rate of 1 percent per month (or 12 percent annually) on the unpaid tax amount.
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Example Calculation: Let's say a property owner in Bossier Parish has a property tax bill of $2,000 for the year 2021. They fail to pay by the due date of December 31, 2021. Here is how the penalty would be calculated:
- Base Penalty: $2,000 x 0.02 = $40
- Monthly Interest (Assuming 2 months late): $2,000 x 0.01 x 2 = $40
Therefore, the total penalty and interest assessed would be $80.
It's important to note that if the property owner continues to not pay their property taxes, additional penalties and interest will continue to accrue. In extreme cases, the property may even be subject to a tax sale or foreclosure.
As a responsible property owner in Bossier Parish, it's important to make sure property taxes are paid on time to avoid unnecessary penalties and ensure the continued funding of important local services.
We recommend contacting the Bossier Parish Tax Office or a local tax professional for the most up-to-date and accurate information.