Eland, Wisconsin Property Taxes
The median property tax rate in Eland, WI is 1.33%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Eland at $134,942, the typical annual property tax bill amounts to $1,804, which is below the national median of $2,690. Property taxes in Eland are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Eland'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 Eland 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
Eland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,795
Ownwell’s Eland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eland 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 Eland, Wisconsin
Property taxes in Eland, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eland is 1.33%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eland 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 Eland's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54427 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Eland provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eland Tax Rate
1.33%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54427 | 1.13% | 1.23% | 1.33% | 1.38% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Eland, Wisconsin
In Eland, 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 Marathon 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 Eland, 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. Notably, the highest median tax bill in the area is $1804, found in the zip code 54427. 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 Eland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eland Assessed Value
$134,942
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54427 | $9,455 | $55,258 | $134,942 | $197,994 | $268,231 |
Source: Ownwell
Property Tax Bills Across Eland, Wisconsin
In Eland, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners in Eland, the median home price is $134,942. Property tax bills can vary significantly, with the 25th percentile at $712 and the 75th percentile at $2,594. At the 90th percentile, homeowners might see tax bills as high as $3,385. These figures suggest that while some homeowners may enjoy relatively low property taxes, others could face more substantial bills, depending on their property's assessed value. Comparatively, Eland's property tax rates align closely with the national median property tax rate of 0.99%, making it essential for homeowners to understand how their property is assessed and how these assessments impact their annual tax obligations.
Average Eland Tax Bill
$1,804
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54427 | $124 | $712 | $1,804 | $2,594 | $3,385 |
Source: Ownwell