70380 Property Tax Rate

Property owners in ZIP code 70380 (Morgan City, Louisiana) pay a median of $491/year in property taxes on homes valued at $138,300. This translates to an effective tax rate of 0.35%, which is 21% below the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 70380 is approximately $41, which factors into escrow payments on mortgages. This ZIP code is located within Assumption Parish. This is $377 less than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 70380 has lower property taxes. ZIP codes with similar effective rates include 70556 (0.36%) and 71023 (0.36%).

In Morgan City, property taxes represent approximately 0.9% of the median household income of $54,504, providing context for the relative tax burden on homeowners in this area.

Louisiana offers a $75,000 homestead exemption for owner-occupied primary residences, which applies to the first $75,000 of assessed value and reduces property taxes owed — file this exemption application with the Assumption Parish Assessor's office within 30 days of purchase. The exemption is the primary tax relief available to homebuyers and can save hundreds to thousands annually depending on your property's assessed value and the tax millage rate. If you are over age 65, disabled, or a surviving spouse, check with the Assumption Parish Assessor for additional exemptions that may stack on top of the homestead exemption.