Boyd, Wisconsin Property Taxes
The median property tax rate in Boyd, WI is 1.25%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $114,000 in Boyd, the typical annual property tax bill reaches $1,243, falling below the national median of $2,690. Property taxes in Boyd are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Boyd'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 Boyd or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boyd, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,425
Ownwell’s Boyd Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boyd with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boyd 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 Boyd, Wisconsin
Property taxes in Boyd, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boyd is 1.25%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Boyd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boyd 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 Boyd's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54726 ZIP code has the highest median property tax rate of 1.25%, while the same ZIP code also has the lowest median tax rate of 1.25%. Understanding how these areas compare with Boyd provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boyd Tax Rate
1.25%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boyd, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54726 | 0.70% | 0.79% | 1.25% | 1.34% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Boyd, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Boyd, 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 local 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 Boyd, 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. The median home price in Boyd is $114,000, with tax bills ranging from $761 at the 25th percentile to $2,352 at the 90th percentile. The zip code 54726 has the highest and lowest median tax bill at $1,243. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boyd Assessed Value
$114,000
Average Chippewa County Assessed Value
$187,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boyd, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54726 | $13,100 | $70,900 | $114,000 | $152,500 | $212,220 |
Source: Ownwell
Property Tax Bills Across Boyd, Wisconsin
In Boyd, Chippewa 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 this area is $114,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's assessed value, local government budgets, and specific levies for schools, infrastructure, and public services. For instance, homeowners in Boyd can expect a tax bill ranging from $761 at the 25th percentile to $2,352 at the 90th percentile, reflecting variations in property values and local tax rates. The median property tax bill in the highest and lowest zip codes within the county is $1,243. Compared to the national median property tax rate of 0.99%, Boyd's rates can significantly impact homeowners' financial planning. Understanding these factors helps homeowners anticipate their annual obligations and manage their finances more effectively.
Average Boyd Tax Bill
$1,243
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Boyd, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54726 | $133 | $761 | $1,243 | $1,719 | $2,352 |
Source: Ownwell