Coon Valley, Wisconsin Property Taxes
The median property tax rate in Coon Valley, WI is 1.67%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Coon Valley, the typical annual property tax bill reaches $3,171, surpassing the national median of $2,690. Property taxes in Coon Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coon Valley'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 Coon Valley 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
Coon Valley, 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 Coon Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coon Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coon Valley 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 Vernon County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Coon Valley, Wisconsin
Property taxes in Coon Valley, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coon Valley is 1.67%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Coon Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coon Valley 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 Coon Valley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54623 zip code has the highest median property tax rate of 1.67%, while the 54623 zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Coon Valley provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coon Valley Tax Rate
1.67%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coon Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54623 | 1.55% | 1.62% | 1.67% | 1.73% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Coon Valley, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coon Valley, 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 Vernon 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 Coon Valley, 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. The median home price in this area is $191,300. 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 Coon Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,171, found in the zip code 54623.
Average Coon Valley Assessed Value
$191,300
Average Vernon County Assessed Value
$157,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coon Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54623 | $101,520 | $147,700 | $191,300 | $263,600 | $363,020 |
Source: Ownwell
Property Tax Bills Across Coon Valley, Wisconsin
In Coon Valley, Vernon County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. This value is then multiplied by the tax rate set by the local government to arrive at the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Coon Valley face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $2,431, while those in the 75th percentile pay approximately $4,417. The 90th percentile tax bill can reach up to $6,174. The highest median tax bill in the area is $3,171, which is above the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, affecting their annual budgets and overall financial planning. Accurate assessments and understanding local tax rates are crucial for homeowners to manage their expenses effectively.
Average Coon Valley Tax Bill
$3,171
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Coon Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54623 | $1,713 | $2,431 | $3,171 | $4,417 | $6,174 |
Source: Ownwell