71029 Property Tax Rate

Property owners in ZIP code 71029 (Gilliam, Louisiana) pay a median of $1,361/year in property taxes on homes valued at $131,300. This translates to an effective tax rate of 1.04%, which is 129% above the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 71029 is approximately $113, which factors into escrow payments on mortgages. This ZIP code is located within Caddo Parish. This is $493 more than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 71029 has higher property taxes. ZIP codes with similar effective rates include 70551 (1.03%) and 70130 (1.03%).

In Gilliam, property taxes represent approximately 2.6% of the median household income of $53,250, providing context for the relative tax burden on homeowners in this area.

Louisiana assesses all property at fair market value upon sale, with no statutory reassessment cap — the Caddo Parish Assessor will determine your tax basis based on the purchase price. Caddo Parish provides a $75,000 Homestead Exemption for owner-occupied primary residences — file your claim with the Caddo Parish Assessor within 30 days of purchase to reduce your annual assessed value. Contact the Caddo Parish Assessor's office immediately after closing to file your homestead exemption application and ensure the $75,000 reduction applies to your initial tax assessment.