70541 Property Tax Rate

Property owners in ZIP code 70541 (Grand Coteau, Louisiana) pay a median of $248/year in property taxes on homes valued at $86,600. This translates to an effective tax rate of 0.29%, which is 37% below the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 70541 is approximately $21, which factors into escrow payments on mortgages. This ZIP code is located within St. Landry Parish. This is $620 less than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 70541 has lower property taxes. ZIP codes with similar effective rates include 71109 (0.29%) and 70438 (0.29%).

In Grand Coteau, property taxes represent approximately 0.5% of the median household income of $53,625, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 70541, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult St. Landry Parish's tax assessor directly.