Spring Valley, Wisconsin Property Taxes
The median property tax rate in Spring Valley, WI is 2.66%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Spring Valley at $135,623, the typical annual property tax bill reaches $3,396, exceeding the national median of $2,690. Property taxes in Spring Valley are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spring Valley'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 Spring Valley or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spring Valley, 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 SPRING VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING VALLEY 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 Spring Valley, Wisconsin
Property taxes in Spring Valley, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Valley is 1.57%, significantly higher than the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Spring Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Valley 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 Spring Valley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54767 has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Spring Valley provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spring Valley Tax Rate
2.66%
Average Pierce County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54767 | 2.01% | 2.42% | 2.66% | 2.66% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Spring Valley, Wisconsin
In Spring Valley, 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 Pierce 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 Spring Valley, 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. For instance, the median home price in Spring Valley is $135,623, with tax bills ranging from $2,311 at the 25th percentile to $6,629 at the 90th percentile. The zip code 54767 has the highest and lowest median tax bill at $3,396. By understanding 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 Spring Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Spring Valley, Wisconsin
Source: Ownwell
$100,116
$182,328
$264,540
Average Spring Valley Assessed Value
$135,623
Average Pierce County Assessed Value
$217,809
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spring Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54767 | $48,255 | $89,704 | $135,623 | $204,501 | $278,458 |
Source: Ownwell
Property Tax Bills Across Spring Valley, Wisconsin
In Spring Valley, Pierce County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $135,623, homeowners can expect their tax bills to fall between the 25th percentile at $2,311 and the 75th percentile at $5,014. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Spring Valley may find their tax obligations vary significantly, affecting their overall cost of living and financial planning. Understanding these details can help homeowners better anticipate and manage their annual expenses.
Average Spring Valley Tax Bill
$3,396
Average Pierce County Tax Bill
$4,292
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54767 | $1,217 | $2,311 | $3,396 | $5,014 | $6,629 |
Source: Ownwell