Cavour, Wisconsin Property Taxes
The median property tax rate in Cavour, WI is 0.98%, slightly below the national median of 0.99% and significantly lower than Wisconsin's state median of 1.58%. Given the median home value in Cavour, the typical annual property tax bill amounts to $353, which is well below the national median of $2,690. Property taxes in Cavour are determined based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Cavour's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Cavour or another part of Forest County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Cavour, 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 Cavour Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cavour with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cavour 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 Cavour, Wisconsin
Property taxes in Cavour, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cavour is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Cavour set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cavour 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 Cavour's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54511 zip code has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Cavour 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 Cavour Tax Rate
0.98%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cavour, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | 0.68% | 0.78% | 0.98% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Cavour, Wisconsin
In Cavour, 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 Cavour, 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 Cavour helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Forest County, the highest median tax bill is $353.00 in zip code 54511, while the lowest median tax bill is also $353.00 in the same zip code.
Average Cavour Assessed Value
$45,200
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 Cavour, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $21,940 | $35,800 | $45,200 | $103,100 | $121,580 |
Source: Ownwell
Property Tax Bills Across Cavour, Wisconsin
In Cavour, property tax bills are calculated based on the assessed value of a home and the local tax rate set by the county of Forest. The assessed value is determined by the local assessor and reflects the market value of the property. Homeowners can expect their tax bills to vary significantly, with the 25th percentile bill at $351 and the 75th percentile reaching $1,147. The top 10% of tax bills can go as high as $1,366. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is determined can help in financial planning. With a median home price of $45,200, the property tax rate in Cavour is relatively modest compared to the national median property tax rate of 0.99%. This lower tax rate can make homeownership more affordable, but it is important for homeowners to be aware of how changes in assessed value or tax rates can impact their annual tax bill.
Average Cavour Tax Bill
$353
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cavour, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $187 | $351 | $353 | $1,147 | $1,366 |
Source: Ownwell