Bloomer, Wisconsin Property Taxes
The median property tax rate in Bloomer, WI is 1.08%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Bloomer at $172,400, the typical annual property tax bill reaches $1,840, which is below the national median of $2,690. Property taxes in Bloomer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bloomer'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 Bloomer or another part of Chippewa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomer, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,862
Ownwell’s Bloomer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomer 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 Bloomer, Wisconsin
Property taxes in Bloomer, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomer is 1.08%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Bloomer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomer 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 Bloomer's effective property tax rate to other areas in Chippewa County and the national median. For comparison, the zip code 54724 in Chippewa County has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Bloomer provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomer Tax Rate
1.08%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54724 | 0.90% | 0.98% | 1.08% | 1.13% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Bloomer, Wisconsin
In Bloomer, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Chippewa 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 Bloomer, 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. Being aware of these valuation processes in Bloomer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,840, specifically in the 54724 zip code.
Average Bloomer Assessed Value
$172,400
Average Chippewa County Assessed Value
$187,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54724 | $36,400 | $129,300 | $172,400 | $235,500 | $315,300 |
Source: Ownwell
Property Tax Bills Across Bloomer, Wisconsin
In Bloomer, Chippewa County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Bloomer can expect a median home price of $172,400, which influences their tax bills. For example, property tax bills in the 25th percentile are around $1,334, while those in the 75th percentile reach up to $2,475. At the 90th percentile, residents might see tax bills as high as $3,318. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. While the national median property tax rate stands at 0.99%, the specific rates in Bloomer will vary, making it crucial for homeowners to understand how their property is assessed and taxed.
Average Bloomer Tax Bill
$1,840
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54724 | $386 | $1,334 | $1,840 | $2,475 | $3,318 |
Source: Ownwell