La Farge, Wisconsin Property Taxes
The median property tax rate in LA FARGE, WI is 1.49%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $108,750 in LA FARGE, the typical annual property tax bill is $1,606, which is below the national median of $2,690. Property taxes in LA FARGE are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding LA FARGE'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 LA FARGE 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
La Farge, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,620
Ownwell’s LA FARGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA FARGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA FARGE 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 La Farge, Wisconsin
Property taxes in La Farge, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Farge is 1.49%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within La Farge set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Farge 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 La Farge's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54639 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with La Farge 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 La Farge Tax Rate
1.49%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Farge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54639 | 1.07% | 1.32% | 1.49% | 1.65% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across La Farge, Wisconsin
In LA FARGE, 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 LA FARGE, 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 LA FARGE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $108,750, with tax bills ranging from $874 at the 25th percentile to $3,779 at the 90th percentile. The zip code 54639 has the highest and lowest median tax bill at $1,606.
Average La Farge Assessed Value
$108,750
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 La Farge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54639 | $33,060 | $62,725 | $108,750 | $168,925 | $238,300 |
Source: Ownwell
Property Tax Bills Across La Farge, Wisconsin
In La Farge, located in Vernon 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 La Farge is $108,750, which serves as a significant factor in determining the tax bill. The local tax rate is applied to this assessed value to calculate the annual property tax. Homeowners in the 25th percentile can expect a tax bill around $874, while those in the 75th percentile might see a tax bill closer to $2,592. For those in the 90th percentile, the tax bill can reach up to $3,779. This variation in tax bills reflects differences in property values and possibly the application of exemptions or other adjustments. Compared to the national median property tax rate of 0.99%, the tax obligations in La Farge can be relatively manageable but vary widely based on the specific assessed value of each property. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners differently based on their property's worth.
Average La Farge Tax Bill
$1,606
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across La Farge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54639 | $428 | $874 | $1,606 | $2,592 | $3,779 |
Source: Ownwell