Woodville, Wisconsin Property Taxes
The median property tax rate in Woodville, WI is 1.60%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Woodville at $185,400, the typical annual property tax bill reaches $3,155, exceeding the national median of $2,690. Property taxes in Woodville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Woodville'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 Woodville 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
Woodville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$2,966
Ownwell’s Woodville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodville 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 Woodville, Wisconsin
Property taxes in Woodville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodville is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Woodville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodville 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 Woodville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54028 has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these areas compare with Woodville provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woodville Tax Rate
1.60%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54028 | 1.27% | 1.36% | 1.60% | 1.91% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Woodville, Wisconsin
In Woodville, 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 St. Croix 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. 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 Woodville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Woodville is 54028, with a median tax bill of $3,155.
Average Woodville Assessed Value
$185,400
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Woodville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54028 | $81,440 | $137,750 | $185,400 | $251,550 | $345,060 |
Source: Ownwell
Property Tax Bills Across Woodville, Wisconsin
Property tax bills in Woodville, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the St. Croix County assessor's office, which evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Woodville face varying tax bills depending on their property's assessed value, with the 25th percentile tax bill at $2,130 and the 75th percentile at $4,096. For those in the 90th percentile, the tax bill can be as high as $5,273. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Woodville's rates can be higher, impacting homeowners' financial planning. High property taxes can influence the affordability of homeownership and may affect decisions regarding property investments and long-term residency in the area.
Average Woodville Tax Bill
$3,155
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54028 | $1,286 | $2,130 | $3,155 | $4,096 | $5,273 |
Source: Ownwell