Chippewa Falls, Wisconsin Property Taxes
The median property tax rate in Chippewa Falls, WI is 1.23%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $256,550 in Chippewa Falls, the typical annual property tax bill amounts to $3,463, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chippewa Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chippewa Falls or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chippewa Falls, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,156
Ownwell’s Chippewa Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chippewa Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chippewa Falls 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 Chippewa Falls, Wisconsin
Property taxes in Chippewa Falls, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chippewa Falls is 1.23%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Chippewa Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chippewa Falls 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 Chippewa Falls' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54729 zip code in Eau Claire County has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Chippewa Falls provides valuable insights into the varying tax landscape across Eau Claire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chippewa Falls Tax Rate
1.23%
Average Eau Claire County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chippewa Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | 1.01% | 1.11% | 1.23% | 1.27% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Chippewa Falls, Wisconsin
In Chippewa Falls, 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 Eau Claire 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 Chippewa Falls, 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 Chippewa Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Chippewa Falls are both $3,463, found in the 54729 zip code.
Property Tax Assessment Values Across Chippewa Falls, Wisconsin
Source: Ownwell
$75,100
$196,200
$317,300
Average Chippewa Falls Assessed Value
$256,550
Average Eau Claire County Assessed Value
$211,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chippewa Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | $64,680 | $195,900 | $256,550 | $364,050 | $485,490 |
Source: Ownwell
Property Tax Bills Across Chippewa Falls, Wisconsin
In Chippewa Falls, property tax bills are calculated based on the assessed value of a property. The local assessor's office determines this value by evaluating the market conditions, property characteristics, and recent sales of comparable properties. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Chippewa Falls, the median home price is $256,550. The property tax bill can vary significantly, with the 25th percentile at $2,559 and the 75th percentile reaching $4,410. At the 90th percentile, homeowners might see a tax bill as high as $6,123. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners in Chippewa Falls to understand their local tax rates and how they compare to the national average. This knowledge helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Chippewa Falls Tax Bill
$3,463
Average Eau Claire County Tax Bill
$3,004
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Chippewa Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | $1,813 | $2,559 | $3,463 | $4,410 | $6,123 |
Source: Ownwell