Eleva, Wisconsin Property Taxes
The median property tax rate in Eleva, WI is 1.42%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Eleva at $168,900, the typical annual property tax bill reaches $2,407, slightly below the national median of $2,690. Property taxes in Eleva are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eleva's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Eleva or another part of Buffalo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eleva, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$2,398
Ownwell’s Eleva Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eleva with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eleva to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Eleva, Wisconsin
Property taxes in Eleva, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eleva is 1.42%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eleva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eleva estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Eleva's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54738 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Eleva provides valuable insights into the varying tax landscape across Buffalo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eleva Tax Rate
1.42%
Average Buffalo County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eleva, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54738 | 1.22% | 1.30% | 1.42% | 1.53% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Eleva, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eleva, Wisconsin. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Buffalo County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Eleva, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Eleva is $2,407 in the zip code 54738, while the lowest median tax bill is also $2,407 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eleva Assessed Value
$168,900
Average Buffalo County Assessed Value
$142,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eleva, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54738 | $112,280 | $128,100 | $168,900 | $232,200 | $271,320 |
Source: Ownwell
Property Tax Bills Across Eleva, Wisconsin
In Eleva, Buffalo County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the final tax bill. Factors such as the local tax rate, property improvements, and market conditions influence the assessed value. For instance, the median home price in Eleva is $168,900, which helps establish a baseline for tax calculations. Homeowners in Eleva can expect a range of tax bills. At the 25th percentile, tax bills are around $1,640, while at the 75th percentile, they rise to approximately $3,288. For those in the 90th percentile, tax bills can reach up to $4,203. These figures indicate that property taxes in Eleva can be quite variable, significantly impacting homeowners' annual budgets. Compared to the national median property tax rate of 0.99%, Eleva’s property tax rates reflect the unique economic and market conditions of the area.
Average Eleva Tax Bill
$2,407
Average Buffalo County Tax Bill
$2,115
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eleva, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54738 | $1,412 | $1,640 | $2,407 | $3,288 | $4,203 |
Source: Ownwell