Trempealeau, Wisconsin Property Taxes
The median property tax rate in Trempealeau, WI is 1.66%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Trempealeau at $248,500, the typical annual property tax bill reaches $4,284, far exceeding the national median of $2,690. Property taxes in Trempealeau are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trempealeau'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 Trempealeau 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
Trempealeau, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$4,125
Ownwell’s Trempealeau Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trempealeau with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trempealeau 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 Trempealeau, Wisconsin
Property taxes in Trempealeau, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trempealeau is 1.66%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Trempealeau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trempealeau 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 Trempealeau's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54661 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Trempealeau 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 Trempealeau Tax Rate
1.66%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trempealeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54661 | 1.48% | 1.58% | 1.66% | 1.86% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Trempealeau, Wisconsin
In Trempealeau, 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 local 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 Trempealeau, 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 Trempealeau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,284 in the 54661 zip code, while the lowest median tax bill is also $4,284 in the same zip code.
Average Trempealeau Assessed Value
$248,500
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 Trempealeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54661 | $98,580 | $173,650 | $248,500 | $330,800 | $408,340 |
Source: Ownwell
Property Tax Bills Across Trempealeau, Wisconsin
In Trempealeau, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $248,500, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. In Trempealeau, the 25th percentile tax bill is $2,990, while the 75th percentile tax bill is $5,558, and the 90th percentile reaches $6,792. These figures illustrate the range homeowners might experience. Compared to the national median property tax rate of 0.99%, Trempealeau’s property tax rates can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are calculated.
Average Trempealeau Tax Bill
$4,284
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Trempealeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54661 | $1,629 | $2,990 | $4,284 | $5,558 | $6,792 |
Source: Ownwell