Blue River, Wisconsin Property Taxes
The median property tax rate in Blue River, WI is 1.48%, which is considerably higher than the national median of 0.99% but slightly lower than Wisconsin's state median of 1.58%. With a median home value of $66,594 in Blue River, the typical annual property tax bill amounts to $869, which is well below the national median of $2,690. Property taxes in Blue River are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue River's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Homeowners and real estate investors alike will benefit from a thorough knowledge of the local property tax system, whether residing in the heart of Blue River or its surrounding areas.
Last Updated June 14, 2024
Blue River, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$986
Ownwell’s BLUE RIVER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE RIVER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE RIVER 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 Blue River, Wisconsin
Property taxes in Blue River, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue River is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Blue River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue River 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 Blue River's effective property tax rate to other areas within Crawford County and the national median. For comparison, the zip code 53518 has the highest median property tax rate of 1.48%, while the lowest median tax rate is also 1.48%. Understanding how these areas compare with Blue River provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue River Tax Rate
1.48%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53518 | 1.13% | 1.30% | 1.48% | 1.77% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Blue River, Wisconsin
In Blue River, 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 Blue River, 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 Blue River is $66,594, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $426, while the 75th percentile tax bill is $1,898. 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 Blue River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blue River Assessed Value
$66,594
Average Crawford County Assessed Value
$123,412
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53518 | $3,921 | $31,437 | $66,594 | $133,675 | $192,333 |
Source: Ownwell
Property Tax Bills Across Blue River, Wisconsin
In Blue River, WI, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this, including the property's location, size, and market conditions. For example, in Blue River, the median home price is $66,594. Homeowners in the 25th percentile can expect a tax bill around $426, while those in the 75th percentile might see bills up to $1,898. At the 90th percentile, tax bills can reach as high as $2,916. These property taxes fund local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Blue River's tax rates can vary significantly, reflecting the unique economic and social factors of the region. Homeowners should be aware of these variables as they can substantially affect their annual financial planning and overall cost of homeownership.
Average Blue River Tax Bill
$869
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53518 | $73 | $426 | $869 | $1,898 | $2,916 |
Source: Ownwell