71018 Property Tax Rate

Property owners in ZIP code 71018 (Cotton Valley, Louisiana) pay a median of $199/year in property taxes on homes valued at $58,000. This translates to an effective tax rate of 0.34%, which is 24% below the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 71018 is approximately $17, which factors into escrow payments on mortgages. This ZIP code is located within Webster Parish. This is $669 less than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 71018 has higher property taxes. ZIP codes with similar effective rates include 70364 (0.34%) and 70426 (0.34%).

In Cotton Valley, property taxes represent approximately 0.5% of the median household income of $39,035, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 71018, 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 Webster Parish's tax assessor directly.