Almena, Wisconsin Property Taxes
The median property tax rate in Almena, WI is 1.11%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $136,800 in Almena, the typical annual property tax bill is $1,554, which is below the national median of $2,690. Property taxes in Almena are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Almena'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 Almena or another part of Barron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almena, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,518
Ownwell’s Almena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Almena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Almena 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 Almena, Wisconsin
Property taxes in Almena, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Almena is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Almena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Almena 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 Almena's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54805 has both the highest and lowest median property tax rate of 1.11%. Understanding how these cities compare with Almena provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almena Tax Rate
1.11%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54805 | 0.94% | 1.03% | 1.11% | 1.24% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Almena, Wisconsin
In Almena, 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 Barron 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 Almena, 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 Almena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Almena are both $1,554, found in the zip code 54805.
Average Almena Assessed Value
$136,800
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54805 | $70,410 | $99,975 | $136,800 | $195,725 | $293,560 |
Source: Ownwell
Property Tax Bills Across Almena, Wisconsin
In Almena, located in Barron 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 and reflects the market value of the property. The tax rate is applied to this assessed value to calculate the annual property tax bill. For example, with a median home price of $136,800, homeowners can expect varying tax bills depending on the value and specific characteristics of their property. Several factors influence the final tax bill, including property improvements and local government budgets. In Almena, the 25th percentile of tax bills is around $1,124, while the 75th percentile reaches $2,318. The 90th percentile can go as high as $3,413, indicating a wide range of tax obligations within the community. This variability affects homeowners differently, with some paying significantly more than others. Compared to the national median property tax rate of 0.99%, Almena's rates reflect a balance between local needs and property values, impacting household finances accordingly.
Average Almena Tax Bill
$1,554
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Almena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54805 | $694 | $1,124 | $1,554 | $2,318 | $3,413 |
Source: Ownwell