Boscobel, Wisconsin Property Taxes
The median property tax rate in Boscobel, WI is 1.56%, which is significantly higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $125,324 in Boscobel, the typical annual property tax bill comes to $1,805, which is lower than the national median of $2,690. Property taxes in Boscobel are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Boscobel's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Boscobel or another part of Crawford County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boscobel, 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 Boscobel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boscobel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boscobel 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 Boscobel, Wisconsin
Property taxes in Boscobel, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boscobel is 1.56%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Boscobel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boscobel 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 Boscobel's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53805 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Boscobel 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 Boscobel Tax Rate
1.56%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boscobel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53805 | 1.23% | 1.44% | 1.56% | 1.62% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Boscobel, Wisconsin
In Boscobel, 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 Boscobel, 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 Boscobel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Boscobel's 53805 zip code, the median property tax bill is $1805. The 25th percentile tax bill is $748, while the 75th percentile tax bill is $2921, and the 90th percentile tax bill is $4163.
Average Boscobel Assessed Value
$125,324
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 Boscobel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53805 | $34,616 | $58,819 | $125,324 | $216,157 | $301,531 |
Source: Ownwell
Property Tax Bills Across Boscobel, Wisconsin
In Boscobel, located in Crawford County, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by local assessors. This value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors contribute to the assessed value, including the size of the property, the condition of the home, and recent sales prices of similar properties in the area. Homeowners in Boscobel can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill is around $748, while the 75th percentile reaches $2,921. The 90th percentile tax bill can be as high as $4,163. For comparison, the national median property tax rate is 0.99%, making Boscobel's rates relatively moderate. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Boscobel Tax Bill
$1,805
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Boscobel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53805 | $355 | $748 | $1,805 | $2,921 | $4,163 |
Source: Ownwell