Galesville, Wisconsin Property Taxes
The median property tax rate in Galesville, WI is 1.60%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Galesville at $206,300, the typical annual property tax bill reaches $3,433, exceeding the national median of $2,690. Property taxes in Galesville 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 Galesville'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 Galesville 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
Galesville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$3,301
Ownwell’s Galesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Galesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Galesville 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 Galesville, Wisconsin
Property taxes in Galesville, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Galesville is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Galesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Galesville 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 Galesville's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54630 zip code has the highest median property tax rate of 1.60%, while the same 54630 zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Galesville provides valuable insights into the varying tax landscape across Trempealeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Galesville Tax Rate
1.60%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Galesville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54630 | 1.41% | 1.50% | 1.60% | 1.92% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Galesville, Wisconsin
In Galesville, 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 Trempealeau 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 Galesville, 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 Galesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54630, with a median tax bill of $3,433.
Average Galesville Assessed Value
$206,300
Average Trempealeau County Assessed Value
$169,050
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Galesville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54630 | $92,100 | $142,825 | $206,300 | $286,425 | $370,450 |
Source: Ownwell
Property Tax Bills Across Galesville, Wisconsin
In Galesville, located in Trempealeau County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Galesville face property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $2,439, while at the 75th percentile, it climbs to $4,912, and at the 90th percentile, it reaches $6,253. These figures highlight the variation in property tax burdens within the community. The median home price in Galesville is $206,300, and the local property tax rate is applied to this assessed value to determine the final tax bill. This rate, when compared to the national median property tax rate of 0.99%, provides an insight into how local taxes impact homeowners. Higher property tax bills can affect homeowners by increasing their annual housing costs, making budgeting more challenging, and potentially influencing decisions about homeownership and property investments.
Average Galesville Tax Bill
$3,433
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Galesville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54630 | $1,413 | $2,439 | $3,433 | $4,912 | $6,253 |
Source: Ownwell