71336 Property Tax Rate

Property owners in ZIP code 71336 (Gilbert, Louisiana) pay a median of $199/year in property taxes on homes valued at $137,900. This translates to an effective tax rate of 0.14%, which is 68% below the Louisiana state average of 0.45%.

The monthly property tax burden for a median-valued home in 71336 is approximately $17, which factors into escrow payments on mortgages. This ZIP code is located within Franklin Parish. This is $669 less than the Louisiana average of $868/year.

Compared to similar ZIP codes in Louisiana, 71336 has lower property taxes. ZIP codes with similar effective rates include 70761 (0.15%) and 71355 (0.14%).

In Gilbert, property taxes represent approximately 0.4% of the median household income of $47,037, providing context for the relative tax burden on homeowners in this area.

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.