Downsville, Wisconsin Property Taxes
The median property tax rate in Downsville, WI is 1.36%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $127,350, the typical annual property tax bill in Downsville amounts to $1,740, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Downsville'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 Downsville or another part of Dunn County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Downsville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,732
Ownwell’s Downsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Downsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Downsville 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 Downsville, Wisconsin
Property taxes in Downsville, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Downsville is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Downsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Downsville 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 Downsville's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54735 zip code has both the highest and lowest median property tax rate of 1.36%. Understanding how these areas compare with Downsville 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 Downsville Tax Rate
1.36%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Downsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54735 | 1.34% | 1.35% | 1.36% | 1.37% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Downsville, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Downsville, WI. 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 Assessor's Office 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 Downsville, 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. For instance, the median home price in Downsville is $127,350, with tax bills ranging from $1,605 at the 25th percentile to $1,874 at the 75th percentile. The highest median tax bill in the area is $1,740 in the 54735 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 effectively manage the tax burden.
Average Downsville Assessed Value
$127,350
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 Downsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54735 | $113,390 | $118,625 | $127,350 | $136,075 | $141,310 |
Source: Ownwell
Property Tax Bills Across Downsville, Wisconsin
In Downsville, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Downsville is $127,350. The local tax rate is applied to this assessed value to determine the annual property tax bill. For example, homeowners at the 25th percentile pay around $1,605 annually, while those at the 75th percentile see bills closer to $1,874. At the 90th percentile, the tax bill can reach up to $1,954. Factors influencing these bills include the home's assessed value, which reflects its market value, and the specific tax rate set by local authorities. These taxes fund essential community services such as schools, public safety, and infrastructure. Comparatively, Downsville's property tax rates are higher than the national median property tax rate of 0.99%. For homeowners, this means a significant portion of their annual expenses is dedicated to property taxes, impacting their overall financial planning and home affordability.
Average Downsville Tax Bill
$1,740
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Downsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54735 | $1,525 | $1,605 | $1,740 | $1,874 | $1,954 |
Source: Ownwell