Brule, Wisconsin Property Taxes
The median property tax rate in Brule, Wisconsin is 1.35%, 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 $134,800 in Brule, the typical annual property tax bill amounts to $1,626, which is below the national median of $2,690. Property taxes in Brule are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brule'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 Brule or another part of Bayfield County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brule, 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 Brule Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brule with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brule 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 Brule, Wisconsin
Property taxes in Brule, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brule is 1.35%, significantly higher than the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Brule set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brule 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 Brule's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54820 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Brule provides valuable insights into the varying tax landscape across Bayfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brule Tax Rate
1.35%
Average Bayfield County Tax Rate
1.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brule, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54820 | 0.78% | 1.14% | 1.35% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Brule, Wisconsin
In Brule, 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 Bayfield 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 Brule, 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 Brule helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54820, both at $1,626.
Average Brule Assessed Value
$134,800
Average Bayfield County Assessed Value
$167,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brule, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54820 | $41,720 | $69,200 | $134,800 | $191,200 | $263,900 |
Source: Ownwell
Property Tax Bills Across Brule, Wisconsin
In Brule, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with the median home price in Brule at $134,800, homeowners can expect their property tax bill to vary significantly. The 25th percentile tax bill is around $883, while the 75th percentile tax bill reaches up to $2,419, and the 90th percentile can be as high as $2,961. Several factors influence the final tax bill, including property improvements, market conditions, and local government budgets. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Homeowners in Brule may find their tax burden higher or lower compared to the national median property tax rate of 0.99%, depending on their property's assessed value and the specific tax rate applied in their locality. This variability underscores the importance of understanding how local assessments and rates impact overall tax obligations.
Average Brule Tax Bill
$1,626
Average Bayfield County Tax Bill
$1,916
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Brule, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54820 | $538 | $883 | $1,626 | $2,419 | $2,961 |
Source: Ownwell