Morgan City, St. Martin County, Louisiana Property Taxes
Median Morgan City, LA effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median Morgan City, LA home value: $106,300
Median annual Morgan City, LA tax bill: $996, $1,404 lower than the national median property tax bill of $2,400.
How are property taxes in St. Martin calculated?
Property taxes in Morgan City, 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 Morgan City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morgan City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morgan City, St. Martin County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$1,191
$1,105
Property Tax Rates Across Morgan City, St. Martin County, Louisiana
Local government entities determine property tax rates, which can differ significantly across a state. This variability arises because each county annually calculates its budget for essential services and divides it by the total value of all taxable properties in the area. This process establishes the property tax rate. Although setting tax rates and budgets involves votes and legal frameworks, this is the basic annual procedure.
In Morgan City, located in St. Martin Parish, the effective property tax rate is 1.11%, closely aligning with the median rate for Louisiana, which stands at 1.12%. This rate is slightly above the national median property tax rate of 1.02%. When considering property tax bills, Morgan City residents pay a bit more compared to the national median of $2400.
Understanding these rates is crucial for property owners, as they directly impact annual expenses. By comparing Morgan City’s rates to other cities in Louisiana and the broader U.S. context, property owners can make informed decisions about property investments and appeals.
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 Morgan City Tax Rate
1.12%
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. Martin County Tax Rate
0.57%
Median Effective Louisiana Tax Rate
0.91%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morgan City, St. Martin County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70380 | 0.40% | 0.69% | 1.11% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Morgan City, St. Martin County, Louisiana
When examining property taxes in Morgan City, 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 St. Martin Parish 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 St. Martin 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 Morgan City. For example, the median home price in Morgan City is $106,300, with tax bills ranging significantly across the county. ZIP code 70380 has the highest median home price at $106,350.
Property Tax Assessment Values Across Morgan City, St. Martin County, Louisiana
Source: Ownwell
$71,300
$105,400
$139,500
Median Morgan City Market Value
$106,300
Median St. Martin County Market Value
$72,300
Median Louisiana Market Value
$105,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morgan City, St. Martin County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70380 | $22,150 | $50,900 | $106,350 | $168,700 | $310,650 |
Source: Ownwell
Property Tax Bills Across Morgan City, St. Martin County, Louisiana
In Morgan City, situated in St. Martin County, property tax bills are determined by considering the assessed value of a home and the applicable tax rate. The median home price here is $106,300, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Morgan City experience a median tax bill of $998, which is significantly lower than the national median property tax bill of $2400. However, tax bills can vary widely, with the 25th percentile at $468 and the 90th percentile reaching $3388. These variations are influenced by factors such as property location, exemptions, and local government budgets.
Ownwell can assist homeowners in Morgan City by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying potential discrepancies, Ownwell ensures that homeowners pay only their fair share. This can lead to substantial savings, offering peace of mind and financial relief to property owners.
Median Morgan City Tax Bill
$996
Median St. Martin County Tax Bill
$431
Median Louisiana Tax Bill
$865
Median United States Tax Bill
$2,400
Property Tax Bills Across Morgan City, St. Martin County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70380 | $181 | $467 | $998 | $1,823 | $3,395 |
Source: Ownwell