Taylor, Wisconsin Property Taxes
The median property tax rate in Taylor, WI is 1.52%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Taylor at $185,200, the typical annual property tax bill reaches $2,883, exceeding the national median of $2,690. Property taxes in Taylor 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 Taylor'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 Taylor 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
Taylor, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$2,815
Ownwell’s Taylor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylor 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 Taylor, Wisconsin
Property taxes in Taylor, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54659 has both the highest and lowest median property tax rate in the area, at 1.52%. Understanding how these cities compare with Taylor 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 Taylor Tax Rate
1.52%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54659 | 1.46% | 1.47% | 1.52% | 1.67% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Wisconsin
In Taylor, 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. 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. For instance, in Taylor, the median home price is $185,200, while tax bills range from $2,056 at the 25th percentile to $3,629 at the 90th percentile. The highest and lowest median tax bills are both $2,883 in zip code 54659. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Taylor Assessed Value
$185,200
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 Taylor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54659 | $118,350 | $139,100 | $185,200 | $195,675 | $219,050 |
Source: Ownwell
Property Tax Bills Across Taylor, Wisconsin
In Taylor, located in Trempealeau County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Taylor is $185,200, and the property tax rate is a critical factor in determining the tax bill. Homeowners in Taylor can expect a median tax bill of approximately $2,883, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the assessed value of the property, which is determined by local assessors, and the specific tax rate applied by the local government. Additionally, community services such as schools, infrastructure, and emergency services are funded through these taxes, directly impacting the homeowners. In Taylor, the tax bill varies, with the 25th percentile at $2,056 and the 75th percentile at $3,140. At the 90th percentile, homeowners might see tax bills as high as $3,629. These figures illustrate the range of property tax obligations and how they can affect homeowners' financial planning.
Average Taylor Tax Bill
$2,883
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54659 | $1,750 | $2,056 | $2,883 | $3,140 | $3,629 |
Source: Ownwell