71243 Property Tax Rate

Property owners in ZIP code 71243 (Fort Necessity, Louisiana) pay a median of $773/year in property taxes on homes valued at $172,300. This translates to an effective tax rate of 0.45%, which is near the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 71243 is approximately $64, which factors into escrow payments on mortgages. This ZIP code is located within Franklin Parish.

Compared to similar ZIP codes in Louisiana, 71243 has higher property taxes. ZIP codes with similar effective rates include 70068 (0.45%) and 70121 (0.45%).

Louisiana values property at fair market value at the time of sale with no state cap on reassessment — the Franklin Parish Assessor will determine your tax basis from the purchase price. Franklin Parish grants a $75,000 Homestead Exemption for owner-occupied primary residences — apply with the Franklin Parish Assessor within 30 days of purchase to reduce your assessed value. File your homestead exemption application with the Franklin Parish Assessor immediately after closing to ensure the $75,000 reduction applies to your first property tax bill.