Gramercy, St. James County, Louisiana Property Taxes
Median Gramercy, LA effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Gramercy, LA home value: $107,166
Median annual Gramercy, LA tax bill: $794, $1,606 lower than the national median property tax bill of $2,400.
How are property taxes in St. James calculated?
Property taxes in Gramercy, 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 Gramercy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gramercy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gramercy, St. James County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$718
$666
Ownwell’s Gramercy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gramercy with just two data points.
By entering your property's estimated assessed value, our calculator applies Gramercy’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 St. James Parish.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Gramercy, St. James County, Louisiana
Local government entities set property tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Gramercy, located in St. James Parish, the effective property tax rate is a reflection of the local government's budgetary needs and the total assessed value of properties. With a median property tax rate of 0.67%, Gramercy aligns with the highest and lowest rates within its region, indicating a consistent approach across the area. When compared to the national median property tax rate of 1.02%, Gramercy's rate is significantly lower. This suggests that property owners in Gramercy may benefit from relatively lower property tax bills compared to the national average, where the typical property tax bill is around $2,400.
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 Gramercy Tax Rate
0.67%
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 St. James County Tax Rate
0.68%
Median Effective Louisiana Tax Rate
0.91%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gramercy, St. James County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70052 | 0.27% | 0.43% | 0.67% | 0.82% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Gramercy, St. James County, Louisiana
When examining property taxes in Gramercy, 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 St. James Parish Assessor 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 St. James Parish, 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 Gramercy.
For example, the median home price in Gramercy is $107,166, with tax bills ranging significantly across the county. ZIP code 70052 has the highest median home price at $107,166.
Property Tax Assessment Values Across Gramercy, St. James County, Louisiana
Source: Ownwell
$48,849
$122,075
$195,300
Median Gramercy Market Value
$107,166
Median St. James County Market Value
$90,899
Median Louisiana Market Value
$105,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gramercy, St. James County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70052 | $25,000 | $50,448 | $107,166 | $181,670 | $255,920 |
Source: Ownwell
Property Tax Bills Across Gramercy, St. James County, Louisiana
Median Gramercy Tax Bill
$794
Median St. James County Tax Bill
$749
Median Louisiana Tax Bill
$865
Median United States Tax Bill
$2,400
Property Tax Bills Across Gramercy, St. James County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70052 | $205 | $386 | $794 | $1,490 | $2,150 |
Source: Ownwell