Ettrick, Wisconsin Property Taxes
The median property tax rate in Ettrick, WI is 1.54%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $172,900 in Ettrick, the typical annual property tax bill reaches $2,625, just under the national median of $2,690. Property taxes in Ettrick are calculated based on the assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ettrick'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 Ettrick or another part of Trempealeau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ettrick, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$2,663
Ownwell’s Ettrick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ettrick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ettrick 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 Ettrick, Wisconsin
Property taxes in Ettrick, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ettrick is 1.54%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ettrick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ettrick 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 Ettrick's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54627 zip code has the highest median property tax rate of 1.54%, while the 54627 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Ettrick provides valuable insights into the varying tax landscape across Trempealeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ettrick Tax Rate
1.54%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ettrick, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54627 | 1.32% | 1.46% | 1.54% | 1.61% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Ettrick, Wisconsin
In Ettrick, 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 Trempealeau 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 Ettrick, 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 Ettrick 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 the area is 54627, with a median tax bill of $2,625.
Average Ettrick Assessed Value
$172,900
Average Trempealeau County Assessed Value
$169,050
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ettrick, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54627 | $65,100 | $123,350 | $172,900 | $249,150 | $349,000 |
Source: Ownwell
Property Tax Bills Across Ettrick, Wisconsin
In Ettrick, located in Trempealeau County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects the property's market value. Factors such as the size of the property, location, and any improvements or modifications made to the home can influence this assessed value. Homeowners in Ettrick can expect to pay a property tax rate that is influenced by the local tax rate set by the county, which is then applied to the assessed value of their property. For example, with a median home price of $172,900, property taxes can vary significantly. The 25th percentile tax bill is around $1,858, while the 75th percentile tax bill can reach $3,928. For those in the 90th percentile, the tax bill can be as high as $5,422. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors, as they play a crucial role in annual financial planning.
Average Ettrick Tax Bill
$2,625
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ettrick, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54627 | $942 | $1,858 | $2,625 | $3,928 | $5,422 |
Source: Ownwell