Tallulah, Madison County, Louisiana Property Taxes

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

Median Tallulah, LA effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Tallulah, LA home value: $36,300
Median annual Tallulah, LA tax bill: $483, $1,917 lower than the national median property tax bill of $2,400.

How are property taxes in Madison Parish calculated?

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

Last Updated March 1, 2025

Tallulah, Madison County, Louisiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$505

$468

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

Property Tax Rates Across Tallulah, Madison County, Louisiana

Local government entities determine tax rates, which can significantly differ within a state. Annually, each county calculates its required budget to deliver services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Tallulah, located in Madison County, the effective property tax rate is 1.39%, which is notably higher than the national median property tax rate of 1.02%. Comparing Tallulah's rate to the rest of Louisiana, it stands out as the highest median tax rate in the state. This higher rate can impact property owners, making it essential to explore potential property tax appeals or exemptions. Understanding these differences and how they affect property taxes can empower property owners to make informed decisions and potentially reduce their tax burden.

Property Tax Rates Across Tallulah, Madison County, Louisiana

Source: Ownwell

1.10%

1.24%

1.39%

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 Tallulah Tax Rate

1.39%

Median Effective Madison County Tax Rate

1.39%

Median Effective Louisiana Tax Rate

0.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tallulah, Madison County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71282	1.10%	1.10%	1.39%	1.39%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Tallulah, Madison County, Louisiana

When examining property taxes in Tallulah, 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 Madison 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. Assessment notices: In Madison 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 Tallulah. For example, the median home price in Tallulah is $36,300, with tax bills ranging significantly across the county. Zip code 71282 has the highest median home price at $36,300.

Property Tax Assessment Values Across Tallulah, Madison County, Louisiana

Source: Ownwell

$21,560

$38,780

$56,000

Median Tallulah Market Value

$36,300

Median Madison County Market Value

$38,000

Median Louisiana Market Value

$105,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tallulah, Madison County, Louisiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71282	$15,000	$23,500	$36,300	$63,100	$122,242

Source: Ownwell

Property Tax Bills Across Tallulah, Madison County, Louisiana

In Tallulah, located in Madison County, Louisiana, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $36,300, homeowners in this area encounter a property tax landscape that varies widely. The 25th percentile tax bill is $311, while the 75th percentile reaches $804, and the 90th percentile climbs to $1,494. The median tax bill in the 71282 zip code stands at $483, which is below the national median property tax bill of $2,400. These figures highlight how property taxes can impact homeowners, potentially creating a financial burden, especially when the tax bill approaches the higher percentiles.

Ownwell offers valuable assistance to homeowners in Tallulah by providing expert property tax appeal and exemption services. By thoroughly reviewing property assessments, identifying discrepancies, and advocating for fair valuations, Ownwell helps homeowners reduce their property tax bills. This can result in significant savings, ensuring that property taxes remain manageable and less of a financial strain.

Property Tax Bills Across Tallulah, Madison County, Louisiana

Source: Ownwell

$269

$443

$616

Median Tallulah Tax Bill

$483

Median Madison County Tax Bill

$491

Median Louisiana Tax Bill

$865

Median United States Tax Bill

$2,400

Property Tax Bills Across Tallulah, Madison County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71282	$203	$311	$483	$804	$1,494

Source: Ownwell