Emerald, Wisconsin Property Taxes
The median property tax rate in Emerald, WI is 1.75%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Emerald at $151,900, the typical annual property tax bill reaches $2,284, which, while below the national median of $2,690, still represents a significant expense for homeowners. Property taxes in Emerald are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Emerald'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 Emerald 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
Emerald, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$2,658
Ownwell’s Emerald Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers in Emerald, WI. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Emerald to provide an estimate of your annual property tax bill. This valuable insight helps you anticipate potential tax liabilities and make informed decisions. For those interested in more granular data, scrolling down reveals trends at the neighborhood level. Your property's assessed value, determined by the county, is used for property tax calculations and accounts for any applicable exemptions. This makes the calculator a reliable resource for understanding and planning your property tax expenses.
Property Tax Rates Across Emerald, Wisconsin
Property taxes in Emerald, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emerald is 1.75%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Emerald set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emerald 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 Emerald's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54013 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Emerald provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emerald Tax Rate
1.75%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emerald, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | 1.11% | 1.23% | 1.75% | 1.88% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Emerald, Wisconsin
In Emerald, 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 St. Croix 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 Emerald, 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. For instance, the median tax bill can range from $1,440 at the 25th percentile to $4,416 at the 90th percentile, with the highest median tax bill being $2,284 in zip code 54013. Being aware of these valuation processes in Emerald helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Emerald Assessed Value
$151,900
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emerald, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | $46,380 | $89,500 | $151,900 | $202,850 | $267,780 |
Source: Ownwell
Property Tax Bills Across Emerald, Wisconsin
In Emerald, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $151,900. Homeowners can expect their property tax bills to vary significantly, ranging from $1,440 at the 25th percentile to $4,416 at the 90th percentile. The highest median tax bill recorded in the region is $2,284, which is consistent across all zip codes, including 54013. Several factors contribute to the determination of a property tax bill. Primarily, the assessed value of the property plays a crucial role. This value is typically a percentage of the market value and is determined by county assessors. Local tax rates, which fund public services such as schools and infrastructure, are then applied to the assessed value. For homeowners, understanding these factors is essential as they directly impact the annual financial obligations tied to property ownership. Compared to the national median property tax rate of 0.99%, homeowners in Emerald experience a diverse range of tax bills, reflecting the variability in property values and local tax policies.
Average Emerald Tax Bill
$2,284
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Emerald, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | $768 | $1,440 | $2,284 | $3,344 | $4,416 |
Source: Ownwell