Eau Claire, Wisconsin Property Taxes
The median property tax rate in Eau Claire, WI is 1.07%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Eau Claire at $213,400, the typical annual property tax bill reaches $3,026, surpassing the national median of $2,690. Property taxes in Eau Claire are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Eau Claire'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 Eau Claire or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eau Claire, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,283
Ownwell’s Eau Claire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eau Claire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eau Claire 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 Eau Claire, Wisconsin
Property taxes in Eau Claire, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eau Claire is 1.07%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eau Claire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eau Claire 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 Eau Claire's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54701 zip code has the highest median property tax rate of 1.09%, while the 54703 zip code has the lowest median tax rate of 1.02%. Understanding how these areas compare with Eau Claire provides valuable insights into the varying tax landscape across Eau Claire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eau Claire Tax Rate
1.07%
Average Eau Claire County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eau Claire, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54701 | 1.03% | 1.05% | 1.09% | 1.12% | 1.17% |
| 54703 | 0.96% | 0.99% | 1.02% | 1.07% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Eau Claire, Wisconsin
In Eau Claire, 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 Eau Claire 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. Assessment notices in Eau Claire 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 zip code 54701 has the highest median tax bill at $3,409, while the zip code 54703 has the lowest median tax bill at $2,499. 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 Eau Claire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eau Claire Assessed Value
$213,400
Average Eau Claire County Assessed Value
$211,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eau Claire, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54701 | $149,500 | $186,500 | $241,100 | $322,100 | $442,000 |
| 54703 | $104,400 | $148,825 | $195,400 | $253,100 | $325,500 |
Source: Ownwell
Property Tax Bills Across Eau Claire, Wisconsin
In Eau Claire, 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 the county assessor and reflects the property's market value. Homeowners in Eau Claire can expect varying tax bills depending on their property's assessed value and the specific tax rate applied in their area. For instance, the median home price in Eau Claire is $213,400. Tax bills within the city show significant variation; the 25th percentile tax bill is around $2,150, while the 75th percentile reaches $4,369. At the higher end, the 90th percentile tax bill can be as much as $6,005. The highest median tax bill in the city is found in the 54701 zip code, amounting to $3,409, whereas the lowest median tax bill is $2,499 in the 54703 zip code. These property tax bills impact homeowners by influencing their overall housing costs. With the national median property tax rate at 0.99%, Eau Claire's rates can be a critical factor in budget planning and financial decision-making for residents.
Average Eau Claire Tax Bill
$3,026
Average Eau Claire County Tax Bill
$3,004
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eau Claire, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54701 | $1,805 | $2,458 | $3,409 | $4,812 | $6,563 |
| 54703 | $1,301 | $1,803 | $2,499 | $3,675 | $5,151 |
Source: Ownwell