Lafayette, Lafayette County, Louisiana Property Taxes

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

Median Lafayette, LA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Lafayette, LA home value: $150,155
Median annual Lafayette, LA tax bill: $1,088, $1,312 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette calculated?

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

Last Updated March 1, 2025

Lafayette, Lafayette County, Louisiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,186

$1,101

Ownwell’s Lafayette Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lafayette with just two data points. By entering your property's estimated assessed value, our calculator applies Lafayette’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 Lafayette. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lafayette, Lafayette 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. In Lafayette, the effective property tax rate reflects the county's budgetary needs and the value of taxable property. Compared to other cities in Louisiana, Lafayette's median property tax rate of 0.79% stands below the national median of 1.02%. Within the city, the highest median tax rate is found in the 70501 zip code at 0.92%, while the lowest is in the 70507 zip code at 0.65%. This variation underscores the influence of local budget requirements and property values on tax rates. Understanding these dynamics can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Lafayette, Lafayette County, Louisiana

Source: Ownwell

0.53%

0.73%

0.92%

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 Lafayette Tax Rate

0.79%

Median Effective Lafayette County Tax Rate

0.73%

Median Effective Louisiana Tax Rate

0.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lafayette, Lafayette County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
70501	0.18%	0.34%	0.92%	1.07%	1.09%
70503	0.52%	0.67%	0.82%	0.99%	1.05%
70506	0.36%	0.56%	0.74%	1.05%	1.06%
70507	0.26%	0.47%	0.65%	0.88%	1.05%
70508	0.48%	0.62%	0.81%	0.91%	1.05%
70520	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lafayette, Lafayette County, Louisiana

When examining property taxes in Lafayette, Louisiana, 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 Lafayette 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 Lafayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Lafayette. For example, the median home price in Lafayette is $150,155, with tax bills ranging significantly across the county. Zip code 70508 has the highest median home price at $209,560.

Property Tax Assessment Values Across Lafayette, Lafayette County, Louisiana

Source: Ownwell

$56,810

$145,500

$234,190

Median Lafayette Market Value

$150,155

Median Lafayette County Market Value

$153,470

Median Louisiana Market Value

$105,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lafayette, Lafayette County, Louisiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
70501	$18,675	$30,520	$56,810	$101,890	$157,750
70503	$100,970	$138,752	$194,165	$303,518	$470,755
70506	$54,090	$96,690	$140,340	$186,790	$241,700
70507	$46,878	$81,922	$133,290	$186,322	$257,785
70508	$101,800	$145,920	$209,560	$305,130	$472,400
70520	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lafayette, Lafayette County, Louisiana

In Lafayette, LA, property taxes are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and improvements can influence its market value and, consequently, the assessed value. Lafayette's median property tax bill is notably lower than the national median of $2400, with the 25th percentile at $522 and the 75th percentile at $1793. However, in certain areas like zip code 70508, homeowners face higher median tax bills of $1596, reflecting local variations in property values and tax rates.

Ownwell assists homeowners by identifying potential savings on property tax bills through appeals and exemptions. By analyzing a property's assessed value and comparing it to similar properties, Ownwell can determine if a homeowner is over-assessed. This service can be invaluable in reducing tax burdens, especially in areas with higher property tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Lafayette, Lafayette County, Louisiana

Source: Ownwell

$385

$991

$1,596

Median Lafayette Tax Bill

$1,088

Median Lafayette County Tax Bill

$1,014

Median Louisiana Tax Bill

$865

Median United States Tax Bill

$2,400

Property Tax Bills Across Lafayette, Lafayette County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
70501	$69	$158	$385	$756	$1,323
70503	$608	$1,035	$1,578	$2,573	$4,373
70506	$277	$609	$1,023	$1,492	$2,042
70507	$136	$423	$834	$1,323	$1,961
70508	$531	$1,006	$1,596	$2,631	$4,396
70520	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Lafayette Tax Assessor
Website	beacon.schneidercorp.com