Argyle, Wisconsin Property Taxes
The median property tax rate in Argyle, WI is 1.89%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Argyle, the typical annual property tax bill reaches $235, which is significantly below the national median of $2,690. Property taxes in Argyle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Argyle'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 Argyle 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
Argyle, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Argyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Argyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Argyle 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 Argyle, Wisconsin
Property taxes in Argyle, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Argyle is 1.89%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Argyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Argyle 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 Argyle's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53504 zip code has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Argyle provides valuable insights into the varying tax landscape across Lafayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Argyle Tax Rate
1.89%
Average Lafayette County Tax Rate
1.84%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Argyle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53504 | 1.62% | 1.81% | 1.89% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Argyle, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Argyle, 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 Lafayette 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 Argyle, 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 Argyle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 53504 has the highest and lowest median tax bill of $235, highlighting the need for homeowners to stay informed and proactive.
Average Argyle Assessed Value
$12,625
Average Lafayette County Assessed Value
$15,150
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Argyle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53504 | $2,525 | $5,050 | $12,625 | $25,335 | $115,429 |
Source: Ownwell
Property Tax Bills Across Argyle, Wisconsin
In Argyle, Lafayette County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local tax assessor, who evaluates the property's market value. The tax rate, often expressed as a percentage, is applied to this assessed value to determine the tax bill. For instance, with a median home price of $12,625, homeowners in Argyle can expect their tax bill to vary significantly. The 25th percentile tax bill is around $107, while the 75th percentile tax bill reaches $460. At the higher end, the 90th percentile tax bill can soar to $1,618. Comparatively, the national median property tax rate is 0.99%, which means homeowners in Argyle may experience different tax burdens depending on their property's assessed value and the local tax rate. These tax bills directly impact homeowners, influencing their annual budgeting and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Argyle Tax Bill
$235
Average Lafayette County Tax Bill
$291
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Argyle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53504 | $50 | $107 | $235 | $460 | $1,618 |
Source: Ownwell