Chaseburg, Wisconsin Property Taxes
The median property tax rate in Chaseburg, WI is 1.55%, slightly lower than the Wisconsin state median of 1.58% but still significantly higher than the national median of 0.99%. With a median home value of $212,950 in Chaseburg, the typical annual property tax bill amounts to $3,244, surpassing the national median of $2,690. Property taxes in Chaseburg are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Familiarizing yourself with Chaseburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in Chaseburg or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chaseburg, 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 Chaseburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chaseburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chaseburg 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 Chaseburg, Wisconsin
Property taxes in Chaseburg, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chaseburg is 1.55%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Chaseburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chaseburg 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 Chaseburg's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54621 zip code has both the highest and lowest median property tax rate of 1.55%. Understanding how these areas compare with Chaseburg provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chaseburg Tax Rate
1.55%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chaseburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54621 | 1.24% | 1.33% | 1.55% | 1.65% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Chaseburg, Wisconsin
In Chaseburg, 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 Vernon 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 Chaseburg, 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. The highest median tax bill in Chaseburg is $3,244 in the 54621 zip code, while the lowest median tax bill is also $3,244 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chaseburg Assessed Value
$212,950
Average Vernon County Assessed Value
$157,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chaseburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54621 | $71,860 | $151,225 | $212,950 | $289,975 | $353,090 |
Source: Ownwell
Property Tax Bills Across Chaseburg, Wisconsin
In Chaseburg, Vernon County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property’s size, location, and any improvements can influence its assessed value. For example, with a median home price of $212,950, the property tax rate in Chaseburg results in a median tax bill of $3,244. This is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $2,038, while those in the 75th percentile may see bills as high as $4,668. At the 90th percentile, tax bills can reach up to $5,791. These property tax bills can have a substantial impact on homeowners, influencing decisions on purchasing, selling, or improving their homes. The relatively high property taxes in Chaseburg compared to the national average can affect affordability and long-term financial planning for residents.
Average Chaseburg Tax Bill
$3,244
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Chaseburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54621 | $999 | $2,038 | $3,244 | $4,668 | $5,791 |
Source: Ownwell