Holmen, Wisconsin Property Taxes
The median property tax rate in Holmen, WI is 2.07%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Holmen at $238,500, the typical annual property tax bill reaches $4,368, surpassing the national median of $2,690. Property taxes in Holmen are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Holmen'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 Holmen 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
Holmen, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$4,937
Ownwell’s Holmen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holmen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holmen 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 Holmen, Wisconsin
Property taxes in Holmen, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holmen is 2.07%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Holmen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holmen 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 Holmen's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54636 zip code has both the highest and lowest median property tax rate of 2.07%. Understanding how these cities compare with Holmen provides valuable insights into the varying tax landscape across La Crosse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holmen Tax Rate
2.07%
Average La Crosse County Tax Rate
1.93%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holmen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54636 | 1.47% | 1.47% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Holmen, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holmen, Wisconsin. 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 La Crosse County Assessor 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 Holmen, 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 Holmen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54636, with a tax bill of $4,368, while the lowest median tax bill is also in the same zip code at $4,368.
Average Holmen Assessed Value
$238,500
Average La Crosse County Assessed Value
$200,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holmen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54636 | $138,850 | $185,750 | $238,500 | $295,900 | $362,100 |
Source: Ownwell
Property Tax Bills Across Holmen, Wisconsin
In Holmen, property tax bills are calculated based on the assessed value of a home, which is determined by the La Crosse County assessor. The tax rate in Holmen is influenced by various local government needs, including schools, infrastructure, and public services. Homeowners in Holmen can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $3,404, while at the 75th percentile, it rises to $5,336. The tax bill for homes in the 90th percentile reaches $6,256. These variations are due to differences in property values and the specific tax rates applied. The median home price in Holmen stands at $238,500, and when compared to the national median property tax rate of 0.99%, the local rates reflect the community's investment in public services. Homeowners should be aware that their property tax bills are a crucial part of maintaining the quality of life and services in Holmen.
Average Holmen Tax Bill
$4,368
Average La Crosse County Tax Bill
$3,624
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Holmen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54636 | $2,357 | $3,404 | $4,368 | $5,336 | $6,256 |
Source: Ownwell