Livingston, Wisconsin Property Taxes
The median property tax rate in Livingston, WI is 1.37%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Livingston at $207,200, the typical annual property tax bill reaches $2,896, surpassing the national median of $2,690. Property taxes in Livingston are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Livingston'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 Livingston or another part of Grant County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Livingston, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,839
Ownwell’s Livingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston 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 Livingston, Wisconsin
Property taxes in Livingston, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston is 1.37%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Livingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston 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 Livingston's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53554 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Livingston provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Livingston Tax Rate
1.37%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livingston, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53554 | 1.18% | 1.30% | 1.37% | 1.41% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Livingston, Wisconsin
In Livingston, 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 Grant 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 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 Livingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2896.00 in zip code 53554.
Average Livingston Assessed Value
$207,200
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Livingston, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53554 | $12,980 | $85,900 | $207,200 | $291,200 | $377,480 |
Source: Ownwell
Property Tax Bills Across Livingston, Wisconsin
In Livingston, 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 market value of the property. Once the assessment is made, the local tax rate is applied to this value to calculate the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Livingston, the median home price is $207,200. At the 25th percentile, property tax bills are around $1,224, while at the 75th percentile, they can reach up to $4,034. Those at the 90th percentile may see tax bills as high as $5,309. These figures illustrate the range of property tax burdens faced by homeowners in the area. Compared to the national median property tax rate of 0.99%, Livingston's property tax rates can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are determined and what they can do to manage them effectively.
Average Livingston Tax Bill
$2,896
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53554 | $158 | $1,224 | $2,896 | $4,034 | $5,309 |
Source: Ownwell