Grand View, Wisconsin Property Taxes
The median property tax rate in Grand View, WI is 0.76%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $101,750, the typical annual property tax bill in Grand View amounts to $752, significantly less than the national median of $2,690. Property taxes in Grand View 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 Grand View's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grand View 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
Grand View, 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 Grand View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand View 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 Grand View, Wisconsin
Property taxes in Grand View, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand View is 1.14%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Grand View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand View 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 Grand View's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54839 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Grand View 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 Grand View Tax Rate
0.76%
Average Bayfield County Tax Rate
1.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand View, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54839 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Grand View, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grand View, 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 Bayfield County Assessor 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 Grand View, 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 Grand View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54839, with a median tax bill of $752.00, which is the same for the lowest median tax bill.
Average Grand View Assessed Value
$101,750
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 Grand View, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54839 | $36,040 | $62,025 | $101,750 | $147,075 | $225,760 |
Source: Ownwell
Property Tax Bills Across Grand View, Wisconsin
In Grand View, Bayfield 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 the area is $101,750, which serves as a starting point for determining the tax bill. Local assessors evaluate properties to establish their assessed value, which is then multiplied by the tax rate to calculate the tax bill. For example, in Bayfield County, the median property tax bill is $752.00, aligning with the national median property tax rate of 0.99%. Various factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bill can range significantly, with the 25th percentile at $472 and the 90th percentile reaching $1,629, reflecting the diverse property values and tax circumstances in the area. Homeowners in Grand View should be aware of these factors, as they directly impact their annual financial obligations and the overall affordability of owning property in the region.
Average Grand View Tax Bill
$752
Average Bayfield County Tax Bill
$1,916
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand View, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54839 | $269 | $472 | $752 | $1,103 | $1,629 |
Source: Ownwell