Rate Breakdown

Property taxes in Terrebonne Parish County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

Authority	Avg. Rate
County General Fund	0.45%
School District (Avg)	1.20%
City / Local (Avg)	0.35%

How Property Tax Works in Terrebonne Parish County

Understanding your property tax bill is crucial for managing your finances. Here's a breakdown of how property tax works in Terrebonne Parish: **Assessment Process:** 1. **Assessed Value Determination:** The Assessor’s Office determines the value of your property through an appraisal process using market data and comparable sales (known as “assessment”). 2. **Market Values:** The assessed value is crucial for determining your property tax, as it dictates the amount the local government can collect in taxes based on established millage rates. 3. **Local Government Impact:** Your assessed value will influence both your local school district and parish tax burden. **Millage Rates:** * **Understanding Millage Rates:** Property tax is levied according to a system of millage rates, which represent a specific dollar amount per $100 of property value (often expressed as a “tax rate”). * **Calculating Your Tax Bill:** The total property tax you pay will be determined by multiplying your assessed value by the millage rate.

Available Exemptions

Louisiana residents are eligible for several property tax exemptions based on specific needs and circumstances. These programs help ease financial burdens for qualified individuals: **1. Homestead Exemption:** * **Eligibility:** This exemption applies to primary residences owned and occupied by qualified homeowners who reside in Louisiana. * **Benefit:** Provides a reduction of the taxable value of your home up to $10,000 or the assessed value, whichever is less. * **Apply for Exemptions:** Contact the Terrebonne Parish Assessor’s Office directly. **2. Senior Citizen Exemption:** * **Eligibility:** This exemption reduces the assessed value by a set percentage of the property's taxable value for qualified senior citizens aged 65 and older (including disabled seniors). * **Application Process:** The application process involves providing documentation, such as a Social Security card or proof of age and disability. You can find information on applying here: [Link to Senior Citizen Exemptions page] **3. Disability Exemption:** * **Eligibility:** This exemption applies to individuals with disabilities who meet certain income requirements (set by the Louisiana state government). * **Application Process:** Contact the Terrebonne Parish Assessor's Office for details and necessary documentation. **4. Veteran Exemption:** * **Eligibility:** Veterans who meet specific eligibility criteria (e.g., active duty, discharge status) may qualify for a tax exemption. * **Exemption Amount:** The veteran’s property tax exemption provides them with a reduction in their assessed value to the amount of $10,000 or the property's taxable value, whichever is less. * **Application Process:** Contact the Terrebonne Parish Assessor's Office for details and necessary documentation. **Note:** Specific eligibility requirements and application processes vary based on program and individual circumstances. It’s important to visit the official website of the Terrebonne Parish Assessor's Office or contact them directly for up-to-date information on exemptions.

Payment Schedule & Deadlines

Paying your property taxes on time is crucial. Here are some key deadlines and payment options: * **First Payment Deadline:** Usually due in **July** of each year, this covers a portion of the tax bill. * **Installment Options:** You may choose to pay your property taxes in installments throughout the year. * **Contact the Assessor's Office:** For details on installment options and deadlines. * **Late Payment Consequences:** A late fee is applied for any payment received after the due date; it may be 10% or a fixed amount, depending on local ordinances.

Appealing Your Assessment

You have the right to appeal your property tax assessment if you believe it's inaccurate. Here’s how: * **Assessment Review:** Contact the Terrebonne Parish Assessor's Office and request a review of your property tax assessment. * **Documentation:** Prepare documentation that supports your argument for a lower assessment, like comparable properties or recent updates to your property (exterior work, renovations). The process may involve an on-site inspection by the Assessor’s office. Remember to follow their official guidelines and deadlines when submitting your appeal. **For any additional questions, contact the Terrebonne Parish Assessor's Office directly.** You can find their contact information on their website: [link to their official website] .