New Iberia, Vermilion County, Louisiana Property Taxes
Median New Iberia, LA effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%. Median New Iberia, LA home value: $118,473. Median annual New Iberia, LA tax bill: $848, $1,552 lower than the national median property tax bill of $2,400.
How are property taxes in Vermilion calculated?
Property taxes in New Iberia, 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 New Iberia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Iberia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Iberia, Vermilion County, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$652
$605
Ownwell’s New Iberia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Iberia with just two data points.
By entering your property's estimated assessed value, our calculator applies New Iberia’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 Vermilion Parish.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across New Iberia, Vermilion County, Louisiana
Local government entities set tax rates, which can vary widely within a state. This is primarily because each county estimates its required budget annually 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 essentially the annual process.
In New Iberia, located in Vermilion County, Louisiana, the effective property tax rate stands at 0.55%. This rate is notably lower than both the national median property tax rate of 1.02% and the national median property tax bill of $2,400. When comparing New Iberia’s effective property tax rate to other cities in Louisiana, it remains consistent, reflecting the state’s generally lower property tax rates. Such favorable rates make New Iberia an attractive option for property owners seeking to minimize their tax burden. This comparison highlights the benefits of owning property in New Iberia and underscores the importance of understanding local property tax rates when making real estate decisions.
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 New Iberia Tax Rate
0.55%
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 Vermilion County Tax Rate
0.50%
Median Effective Louisiana Tax Rate
0.91%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Iberia, Vermilion County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70560 | 0.29% | 0.37% | 0.55% | 0.63% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across New Iberia, Vermilion County, Louisiana
When examining property taxes in New Iberia, 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 Vermilion 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 Vermilion County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 New Iberia. For example, the median home price in New Iberia is $118,473, with tax bills ranging significantly across the county. Zip code 70560 has the highest median home price at $118,473.
Property Tax Assessment Values Across New Iberia, Vermilion County, Louisiana
Source: Ownwell
$61,097
$98,193
$135,288
Median New Iberia Market Value
$118,473
Median Vermilion County Market Value
$71,190
Median Louisiana Market Value
$105,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Iberia, Vermilion County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70560 | $27,430 | $57,380 | $118,473 | $179,570 | $225,916 |
Source: Ownwell
Property Tax Bills Across New Iberia, Vermilion County, Louisiana
Median New Iberia Tax Bill
$848
Median Vermilion County Tax Bill
$330
Median Louisiana Tax Bill
$865
Median United States Tax Bill
$2,400
Property Tax Bills Across New Iberia, Vermilion County, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70560 | $261 | $418 | $848 | $1,194 | $1,631 |
Source: Ownwell