Soldiers Grove, Wisconsin Property Taxes
The median property tax rate in Soldiers Grove, WI is 1.28%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Soldiers Grove at $164,400, the typical annual property tax bill amounts to $2,014, slightly below the national median of $2,690. Property taxes in Soldiers Grove are determined based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Soldiers Grove's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in Soldiers Grove or another part of Vernon County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Soldiers Grove, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,104
Ownwell’s Soldiers Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soldiers Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soldiers Grove 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 Soldiers Grove, Wisconsin
Property taxes in Soldiers Grove, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soldiers Grove is 1.28%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Soldiers Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soldiers Grove 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 Soldiers Grove's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54655 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Soldiers Grove 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 Soldiers Grove Tax Rate
1.28%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soldiers Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54655 | 1.06% | 1.25% | 1.28% | 1.33% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Soldiers Grove, Wisconsin
In Soldiers Grove, 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 Soldiers Grove, 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 Soldiers Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Soldiers Grove are both $2014, found in the 54655 zip code.
Property Tax Assessment Values Across Soldiers Grove, Wisconsin
Source: Ownwell
$104,150
$161,375
$218,600
Average Soldiers Grove Assessed Value
$164,400
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 Soldiers Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54655 | $51,800 | $86,600 | $164,400 | $212,200 | $280,800 |
Source: Ownwell
Property Tax Bills Across Soldiers Grove, Wisconsin
In Soldiers Grove, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Vernon County. The assessed value is determined by the county assessor, who evaluates the property’s market value and applies a percentage to arrive at the assessed value. This figure is then multiplied by the local tax rate to determine the property tax bill. Several factors influence the final tax bill, including the property's location, size, and condition. For instance, the median home price in Soldiers Grove is $164,400. Homeowners can expect tax bills varying significantly; the 25th percentile tax bill is $1,119, while the 75th percentile tax bill is $2,823, and the 90th percentile tax bill reaches $3,675. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Soldiers Grove’s property taxes can be a significant financial consideration for homeowners, impacting their overall cost of living and long-term investment in their property.
Average Soldiers Grove Tax Bill
$2,014
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Soldiers Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54655 | $680 | $1,119 | $2,014 | $2,823 | $3,675 |
Source: Ownwell