Viroqua, Wisconsin Property Taxes
The median property tax rate in Viroqua, WI is 1.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Viroqua, the typical annual property tax bill reaches $2,721, slightly above the national median of $2,690. Property taxes in Viroqua 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 Viroqua'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 Viroqua 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
Viroqua, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$2,739
Ownwell’s Viroqua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Viroqua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Viroqua 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 Viroqua, Wisconsin
Property taxes in Viroqua, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Viroqua is 1.61%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Viroqua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Viroqua 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 Viroqua's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54665 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Viroqua 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 Viroqua Tax Rate
1.61%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Viroqua, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54665 | 1.27% | 1.36% | 1.61% | 1.81% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Viroqua, Wisconsin
In Viroqua, 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 Viroqua, 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 Viroqua helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Viroqua is $170,100, with tax bills ranging from $1,884 at the 25th percentile to $4,859 at the 90th percentile. The highest and lowest median tax bills are both $2,721 in the 54665 zip code.
Average Viroqua Assessed Value
$170,100
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 Viroqua, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54665 | $71,600 | $117,600 | $170,100 | $229,150 | $303,200 |
Source: Ownwell
Property Tax Bills Across Viroqua, Wisconsin
In Viroqua, located in Vernon County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the city's assessor and reflects the market value of the property. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and improvements made to the property. For homeowners in Viroqua, the median home price is $170,100. The tax bills vary significantly, with the 25th percentile at $1,884, the 75th percentile at $3,719, and the 90th percentile reaching $4,859. Compared to the national median property tax rate of 0.99%, Viroqua's rates can be relatively high. This can have a substantial impact on homeowners, affecting their overall cost of living and potentially influencing decisions on property investments. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Viroqua Tax Bill
$2,721
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Viroqua, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54665 | $1,024 | $1,884 | $2,721 | $3,719 | $4,859 |
Source: Ownwell