Eau Claire, Wisconsin Property Taxes
The median property tax rate in Eau Claire, WI is 1.48%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Eau Claire at $192,700, the typical annual property tax bill reaches $2,799, slightly exceeding the national median of $2,690. Property taxes in Eau Claire 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 Eau Claire'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 Eau Claire 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
Eau Claire, 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 Eau Claire Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eau Claire with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eau Claire to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, there is more localized information available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Eau Claire, Wisconsin
Property taxes in Eau Claire, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eau Claire is 1.48%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eau Claire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eau Claire 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 Eau Claire's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54703 zip code has the highest median property tax rate of 1.48%, while the 54703 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Eau Claire provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eau Claire Tax Rate
1.48%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eau Claire, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54703 | 0.99% | 1.18% | 1.48% | 1.53% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Eau Claire, Wisconsin
In Eau Claire, 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 Chippewa 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 Eau Claire, 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. The median home price in Eau Claire is $192,700, with tax bills ranging from $1,778 at the 25th percentile to $5,030 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,799 in the 54703 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Eau Claire Assessed Value
$192,700
Average Chippewa County Assessed Value
$187,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eau Claire, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54703 | $19,510 | $136,675 | $192,700 | $257,875 | $401,470 |
Source: Ownwell
Property Tax Bills Across Eau Claire, Wisconsin
Property tax bills in Eau Claire, located in Chippewa County, WI, are determined based on the assessed value of a property, which is then multiplied by the local tax rate. The median home price in Eau Claire is $192,700. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,778 and the 75th percentile tax bill reaching $3,567. For those at the higher end, the 90th percentile tax bill can be as high as $5,030. The local tax rate, combined with the assessed value of the property, plays a crucial role in determining the final tax bill. This rate can fluctuate based on municipal needs, school funding, and other community services. Compared to the national median property tax rate of 0.99%, Eau Claire's rates can result in a substantial financial impact on homeowners, influencing their overall cost of living and potentially affecting property values in the region.
Average Eau Claire Tax Bill
$2,799
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eau Claire, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54703 | $266 | $1,778 | $2,799 | $3,567 | $5,030 |
Source: Ownwell