71229 Property Tax Rate

Property owners in ZIP code 71229 (Collinston, Louisiana) pay a median of $494/year in property taxes on homes valued at $152,400. This translates to an effective tax rate of 0.32%, which is 28% below the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 71229 is approximately $41, which factors into escrow payments on mortgages. This ZIP code is located within Morehouse Parish. This is $374 less than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 71229 has lower property taxes. ZIP codes with similar effective rates include 70577 (0.32%) and 71429 (0.32%).

In Collinston, property taxes represent approximately 1.0% of the median household income of $48,259, providing context for the relative tax burden on homeowners in this area.

Louisiana requires fair market value assessment at sale with no statewide reassessment cap — the Morehouse Parish Assessor will determine your tax obligation based on the purchase price. Morehouse Parish grants a $75,000 Homestead Exemption for owner-occupied primary residences — submit your application to the Morehouse Parish Assessor within 30 days of purchase. Apply for your homestead exemption with the Morehouse Parish Assessor immediately upon closing to reduce your taxable assessed value by $75,000.