De Soto, Wisconsin Property Taxes
The median property tax rate in DE SOTO, WI is 1.50%, which is higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $122,892 in DE SOTO, the typical annual property tax bill amounts to $1,852, which is lower than the national median of $2,690. Property taxes in DE SOTO are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. By understanding DE SOTO's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of DE SOTO or another part of Crawford County, gaining insight into the local property tax system is beneficial.
Last Updated June 14, 2024
De Soto, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,843
Ownwell’s DE SOTO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE SOTO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE SOTO 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 De Soto, Wisconsin
Property taxes in De Soto, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Soto is 1.50%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within De Soto set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Soto 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 De Soto's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54624 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with De Soto 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 De Soto Tax Rate
1.50%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Soto, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54624 | 1.36% | 1.44% | 1.50% | 1.54% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across De Soto, Wisconsin
In De Soto, 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 Crawford 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 De Soto, 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 De Soto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in De Soto is $122,892, with the highest median tax bill recorded at $1,852 in the 54624 zip code.
Average De Soto Assessed Value
$122,892
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 De Soto, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54624 | $41,554 | $58,421 | $122,892 | $214,894 | $290,314 |
Source: Ownwell
Property Tax Bills Across De Soto, Wisconsin
In De Soto, located in Crawford County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in De Soto is $122,892, which is a key factor in determining the tax bill. Homeowners in this area can expect their property tax bills to vary significantly. For instance, those in the 25th percentile might pay around $865, while those in the 75th percentile could see bills as high as $3,188. The top 10% of homeowners face even steeper taxes, with bills reaching up to $4,305. These variations are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, De Soto's rates can lead to higher or lower bills depending on specific circumstances. Understanding these components helps homeowners anticipate their financial obligations and plan accordingly.
Average De Soto Tax Bill
$1,852
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across De Soto, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54624 | $642 | $865 | $1,852 | $3,188 | $4,305 |
Source: Ownwell