Alvin, Wisconsin Property Taxes
The median property tax rate in Alvin, WI is 0.93%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With a median home value of $145,750 in Alvin, the typical annual property tax bill is $1,368, which is less than the national median of $2,690. Property taxes in Alvin 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 Alvin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Alvin or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alvin, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Alvin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alvin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alvin 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 Alvin, Wisconsin
Property taxes in Alvin, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alvin is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Alvin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alvin 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. For comparison, the zip code 54542 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Alvin provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alvin Tax Rate
0.93%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alvin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54542 | 0.85% | 0.89% | 0.93% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Alvin, Wisconsin
In Alvin, 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 Forest 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 Alvin, 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 Alvin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Forest County is $1,368 in zip code 54542, which is important for homeowners to consider.
Average Alvin Assessed Value
$145,750
Average Forest County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alvin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54542 | $49,760 | $95,900 | $145,750 | $189,825 | $205,770 |
Source: Ownwell
Property Tax Bills Across Alvin, Wisconsin
In Alvin, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value takes into account various factors such as the property's market value, location, and condition. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Alvin, the property tax can significantly impact their finances. The median home price in Alvin is $145,750, and property tax bills can vary widely. For instance, the 25th percentile tax bill is $880, while the 75th percentile tax bill reaches $1,729, and the 90th percentile tax bill is $1,899. Comparatively, the national median property tax rate is 0.99%, which gives context to how Alvin's property taxes stack up nationally. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Alvin Tax Bill
$1,368
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Alvin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54542 | $430 | $880 | $1,368 | $1,729 | $1,899 |
Source: Ownwell