De Soto, Wisconsin Property Taxes
The median property tax rate in De Soto, WI is 1.39%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in De Soto at $136,400, the typical annual property tax bill reaches $1,881, which is below the national median of $2,690. Property taxes in De Soto 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 De Soto'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 De Soto or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Soto, 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 DE SOTO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE SOTO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE SOTO 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 De Soto, Wisconsin
Property taxes in De Soto, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Soto is 1.39%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within De Soto set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Soto 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 De Soto's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54624 zip code has both the highest and lowest median property tax rate of 1.39%. Understanding how these cities compare with De Soto 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 De Soto Tax Rate
1.39%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Soto, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54624 | 1.09% | 1.25% | 1.39% | 1.47% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across De Soto, Wisconsin
In DE SOTO, 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 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 DE SOTO, 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 DE SOTO is $136,400, with tax bills ranging from $893 at the 25th percentile to $2,801 at the 75th percentile. The highest median tax bill is $1,881 in the 54624 zip code, which also has the lowest median tax bill. 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 De Soto Assessed Value
$136,400
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 De Soto, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54624 | $37,860 | $71,500 | $136,400 | $200,800 | $271,470 |
Source: Ownwell
Property Tax Bills Across De Soto, Wisconsin
In DE SOTO, 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 assessor's office, which evaluates properties periodically to reflect their market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in DE SOTO, the median home price is $136,400. Property tax bills can vary significantly, with the 25th percentile tax bill at $893, and the 75th percentile reaching $2,801. At the higher end, the 90th percentile tax bill is $3,829. These amounts reflect the range of property values and tax rates within the area. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in DE SOTO to understand how local factors influence their tax obligations. High property taxes can impact household budgets and the overall affordability of homeownership, making it crucial for residents to stay informed and potentially appeal their assessments if they believe they are overvalued.
Average De Soto Tax Bill
$1,881
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across De Soto, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54624 | $468 | $893 | $1,881 | $2,801 | $3,829 |
Source: Ownwell