70447 Property Tax Rate

Property owners in ZIP code 70447 (Madisonville, Louisiana) pay a median of $3,160/year in property taxes on homes valued at $390,600. This translates to an effective tax rate of 0.81%, which is 79% above the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 70447 is approximately $263, which factors into escrow payments on mortgages. This ZIP code is located within St. Tammany Parish. This is $2,292 more than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 70447 has lower property taxes. ZIP codes with similar effective rates include 70820 (0.81%) and 70455 (0.81%).

In Madisonville, property taxes represent approximately 2.6% of the median household income of $123,841, 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 St. Tammany Parish Assessor's office within 30 days of purchase. The exemption is your primary tax relief and can save hundreds to thousands annually depending on your property's assessed value and the local tax millage rate. If you are age 65+, disabled, or a surviving spouse, contact the St. Tammany Parish Assessor about additional exemptions that may be available on top of the homestead exemption.