Monroe, LA — income, home value, property tax, and sales tax.
In Monroe's 71201 ZIP code, homes carry a median value of $263,800, and the county's 0.54% effective property tax rate works out to roughly $1,425 a year on such a home. With median household income at $65,446 and per-capita income of $46,594, that yearly tax bill takes up a little over two percent of a typical household's earnings. A combined sales tax of 5.00% applies to purchases in the area. Buyers weighing a move here can see that home prices run high against local incomes, while the property tax itself stays comparatively gentle on the wallet.
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