Eastman, Wisconsin Property Taxes
The median property tax rate in Eastman, WI is 1.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Eastman, the typical annual property tax bill reaches $2,062, which is below the national median of $2,690. Property taxes in Eastman 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 Eastman'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 Eastman 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
Eastman, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,952
$1,811
Ownwell’s Eastman Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Eastman with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eastman to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Eastman, Wisconsin
Property taxes in Eastman, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastman is 1.61%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Eastman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastman 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 Eastman's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54626 zip code has the highest median property tax rate of 1.61%, while the 54626 zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Eastman provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastman Tax Rate
1.61%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54626 | 1.36% | 1.51% | 1.61% | 1.84% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Eastman, Wisconsin
In Eastman, 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 Crawford 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 Eastman, 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 Eastman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the 54626 zip code, each at $2,062.
Average Eastman Assessed Value
$121,245
Average Crawford County Assessed Value
$123,412
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54626 | $24,657 | $60,941 | $121,245 | $194,616 | $295,078 |
Source: Ownwell
Property Tax Bills Across Eastman, Wisconsin
In Eastman, located in Crawford County, WI, property tax bills are calculated based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is determined by the local assessor and reflects the property's market value. Various factors influence the tax bill, including property size, location, and improvements. For homeowners in Eastman, the median home price is $121,245, and the property tax rate can significantly impact annual expenses. For example, the 25th percentile tax bill is $950, while those in the 75th percentile face a tax bill of $3,334. At the 90th percentile, the tax bill reaches $4,846. The highest and lowest median tax bills in the region both stand at $2,062, emphasizing the variability in tax obligations based on property characteristics and assessment accuracy. Compared to the national median property tax rate of 0.99%, the property tax rate in Eastman can vary, affecting the financial burden on homeowners. Understanding these factors can help residents anticipate and manage their tax responsibilities effectively.
Average Eastman Tax Bill
$2,062
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54626 | $401 | $950 | $2,062 | $3,334 | $4,846 |
Source: Ownwell