Loyal, Wisconsin Property Taxes
The median property tax rate in Loyal, WI is 1.79%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Loyal, the typical annual property tax bill reaches $2,166, slightly below the national median of $2,690. Property taxes in Loyal are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Loyal'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 Loyal 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
Loyal, 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 Loyal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loyal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loyal 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 Loyal, Wisconsin
Property taxes in Loyal, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loyal is 1.79%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Loyal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loyal 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 Loyal's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54446 zip code has the highest median property tax rate of 1.79%, while the same zip code has the lowest median tax rate of 1.79%. Understanding how these cities compare with Loyal provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Loyal Tax Rate
1.79%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loyal, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54446 | 1.35% | 1.43% | 1.79% | 2.02% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Loyal, Wisconsin
In Loyal, 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 Clark 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 Loyal, 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. With a median home price of $121,800, homeowners in Loyal can expect tax bills ranging from $1,428 at the 25th percentile to $2,991 at the 75th percentile, and up to $4,021 at the 90th percentile. The zip code with the highest and lowest median tax bill is 54446, with a median tax bill of $2,166. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Loyal Assessed Value
$121,800
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Loyal, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54446 | $56,660 | $81,100 | $121,800 | $184,275 | $251,480 |
Source: Ownwell
Property Tax Bills Across Loyal, Wisconsin
In Loyal, located in Clark County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. For context, the national median property tax rate is 0.99%, but local rates can vary. Several factors influence the assessed value, including the property's market value, size, location, and any improvements made. In Loyal, the median home price is $121,800, which serves as a baseline for many tax calculations. Homeowners in the 25th percentile can expect tax bills around $1,428, while those in the 75th percentile might see bills closer to $2,991. The highest tax bills, reaching the 90th percentile, can be as much as $4,021. These property taxes contribute significantly to local services such as schools, infrastructure, and public safety, directly impacting homeowners by funding community resources and potentially influencing property values over time.
Average Loyal Tax Bill
$2,166
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Loyal, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54446 | $1,031 | $1,428 | $2,166 | $2,991 | $4,021 |
Source: Ownwell