Chippewa Falls, Chippewa County, Wisconsin Property Taxes
The median property tax rate in Chippewa Falls, WI is 1.12%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $209,800 in Chippewa Falls, the typical annual property tax bill amounts to $2,513, slightly below the national median of $2,690. Property taxes in Chippewa Falls are calculated based on the tax assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Chippewa Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chippewa Falls 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
Chippewa Falls, Chippewa County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,350
$2,181
Ownwell’s Chippewa Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chippewa Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chippewa Falls 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 Chippewa Falls, Chippewa County, Wisconsin
Property taxes in Chippewa Falls, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chippewa Falls is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Chippewa Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chippewa Falls 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 Chippewa Falls' effective property tax rate to other areas and the national median. For comparison, the 54729 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Chippewa Falls 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 Chippewa Falls Tax Rate
1.12%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chippewa Falls, Chippewa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | 0.88% | 0.94% | 1.12% | 1.47% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Chippewa Falls, Chippewa County, Wisconsin
In Chippewa Falls, 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 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 Chippewa Falls, 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. For instance, the median home price is $209,800, with tax bills ranging from $1,826 at the 25th percentile to $4,448 at the 90th percentile. The highest and lowest median tax bills are both $2,513 in the 54729 zip code. 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 Chippewa Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Chippewa Falls, Chippewa County, Wisconsin
Source: Ownwell
$105,200
$194,125
$283,050
Average Chippewa Falls Assessed Value
$209,800
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 Chippewa Falls, Chippewa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | $61,400 | $145,800 | $209,800 | $300,900 | $413,100 |
Source: Ownwell
Property Tax Bills Across Chippewa Falls, Chippewa County, Wisconsin
In Chippewa Falls, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $209,800 in Chippewa Falls, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors influencing these bills include the property's market value, any applicable exemptions, and the local government's budget needs. For example, tax bills in the 25th percentile are around $1,826, while those in the 75th percentile can reach up to $3,343. The highest median tax bill recorded is $2,513 in the 54729 zip code. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners anticipate their expenses and plan their finances accordingly.
Average Chippewa Falls Tax Bill
$2,513
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Chippewa Falls, Chippewa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | $737 | $1,826 | $2,513 | $3,343 | $4,448 |
Source: Ownwell