Thibodaux, Assumption County, Louisiana Property Taxes

Name: Property Tax Bills Across Thibodaux, Assumption County, Louisiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thibodaux, LA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Thibodaux, LA home value: $110,600
Median annual Thibodaux, LA tax bill: $1,243, $1,157 lower than the national median property tax bill of $2,400.

How are property taxes in Assumption calculated?

Property taxes in Thibodaux, LA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Thibodaux’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thibodaux, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thibodaux, Assumption County, Louisiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$760

$706

Ownwell’s Thibodaux Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thibodaux with just two data points. By entering your property's estimated assessed value, our calculator applies Thibodaux’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Assumption Parish. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thibodaux, Assumption County, Louisiana

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Thibodaux’s effective property tax rate to other cities in Louisiana and the median property tax rates in Louisiana and the U.S. Thibodaux, located in Assumption Parish, has a median property tax rate of 1.17%, which is slightly above the national median of 1.02%. This rate is consistent across the city, reflecting the highest and lowest median tax rates in the area. Compared to the national median property tax bill of $2400, residents in Thibodaux may experience a higher financial obligation due to this elevated rate. However, it’s important to consider the services and infrastructure supported by these taxes, which contribute to the community's overall quality of life.

Property Tax Rates Across Thibodaux, Assumption County, Louisiana

Source: Ownwell

0.47%

0.60%

0.72%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Thibodaux Tax Rate

0.67%

Median Effective Assumption County Tax Rate

0.67%

Median Effective Louisiana Tax Rate

0.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thibodaux, Assumption County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
70301	0.12%	0.41%	0.67%	0.94%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Thibodaux, Assumption County, Louisiana

When examining property taxes in Thibodaux, LA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Assumption County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Assumption County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Thibodaux.

For example, the median home price in Thibodaux is $110,600, with tax bills ranging significantly across the county. Zip code 70301 has the highest median home price at $110,600.

Property Tax Assessment Values Across Thibodaux, Assumption County, Louisiana

Source: Ownwell

$71,400

$108,350

$145,300

Median Thibodaux Market Value

$113,500

Median Assumption County Market Value

$86,200

Median Louisiana Market Value

$118,642

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thibodaux, Assumption County, Louisiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
70301	$40,600	$71,800	$113,500	$182,200	$266,620

Source: Ownwell

Property Tax Bills Across Thibodaux, Assumption County, Louisiana

In Thibodaux, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value. Homeowners in Thibodaux face a median property tax bill of $1,243, which is below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $775 and the 90th percentile reaching $2,894. This variability can impact homeowners' budgets, making it crucial to ensure their property is assessed accurately. Ownwell helps homeowners by providing expert property tax appeal services. By reviewing assessments and identifying potential discrepancies, Ownwell can assist in reducing tax liabilities, ensuring homeowners pay only their fair share. This service not only offers potential savings but also peace of mind, knowing that property taxes are being managed efficiently.

Property Tax Bills Across Thibodaux, Assumption County, Louisiana

Source: Ownwell

$320

$665

$1,009

Median Thibodaux Tax Bill

$734

Median Assumption County Tax Bill

$543

Median Louisiana Tax Bill

$995

Median United States Tax Bill

$2,400

Property Tax Bills Across Thibodaux, Assumption County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
70301	$102	$298	$734	$1,422	$2,393

Source: Ownwell