71232 Property Tax Rate

Property owners in ZIP code 71232 (Delhi, Louisiana) pay a median of $446/year in property taxes on homes valued at $118,800. This translates to an effective tax rate of 0.38%, which is 17% below the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 71232 is approximately $37, which factors into escrow payments on mortgages. This ZIP code is located within Madison Parish. This is $422 less than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 71232 has lower property taxes. ZIP codes with similar effective rates include 70811 (0.38%) and 70753 (0.38%).

In Delhi, property taxes represent approximately 0.8% of the median household income of $54,010, 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 Madison Parish Assessor will base your tax obligation on the purchase price. Madison Parish provides a $75,000 Homestead Exemption for owner-occupied primary residences — file your application with the Madison Parish Assessor within 30 days of purchase. Apply for your homestead exemption with the Madison Parish Assessor before your first tax bill arrives to reduce your taxable assessed value by $75,000.