Bloomer, Wisconsin Property Taxes
The median property tax rate in Bloomer, WI is 1.35%, which is notably higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With the median home value in Bloomer at $150,000, the typical annual property tax bill amounts to $2,016, which is below the national median of $2,690. Property taxes in Bloomer are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, including those for primary residences and agricultural properties. Gaining a thorough understanding of Bloomer'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 Bloomer or another part of Dunn County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomer, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,025
Ownwell’s Bloomer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomer 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 Bloomer, Wisconsin
Property taxes in Bloomer, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomer is 1.35%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Bloomer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomer 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 Bloomer's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54724 zip code has the highest median property tax rate of 1.35%, while the 54724 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Bloomer provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomer Tax Rate
1.35%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54724 | 1.35% | 1.35% | 1.35% | 1.35% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Bloomer, Wisconsin
In Bloomer, 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 Dunn 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 Bloomer, 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 Bloomer is $150,000, with tax bills ranging from $1,862 at the 25th percentile to $2,400 at the 90th percentile. Notably, the zip code 54724 has both the highest and lowest median tax bills, each at $2,016. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bloomer Assessed Value
$150,000
Average Dunn County Assessed Value
$211,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54724 | $131,200 | $138,250 | $150,000 | $166,900 | $177,040 |
Source: Ownwell
Property Tax Bills Across Bloomer, Wisconsin
In Bloomer, Dunn County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This valuation is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $150,000, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,862, while at the 75th percentile, it rises to $2,256. The 90th percentile sees tax bills reaching up to $2,400. These figures indicate that property taxes in Bloomer can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual expenses and plan their budgets accordingly. Accurate assessment and awareness of local tax rates are crucial for homeowners to manage their financial obligations effectively.
Average Bloomer Tax Bill
$2,016
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54724 | $1,770 | $1,862 | $2,016 | $2,256 | $2,400 |
Source: Ownwell