Ferryville, Wisconsin Property Taxes
The median property tax rate in Ferryville, WI is 1.50%, which is higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $115,929, the typical annual property tax bill in Ferryville reaches $1,735, falling below the national median of $2,690. Property taxes in Ferryville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Ferryville'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 Ferryville or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ferryville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,739
$1,614
Ownwell’s Ferryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ferryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ferryville 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 Ferryville, Wisconsin
Property taxes in Ferryville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ferryville is 1.50%, significantly higher than the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ferryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ferryville 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 Ferryville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54628 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Ferryville 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 Ferryville Tax Rate
1.50%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ferryville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54628 | 1.32% | 1.41% | 1.50% | 1.59% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Ferryville, Wisconsin
In Ferryville, 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 Ferryville, 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 example, the median home price in Ferryville is $115,929, with property tax bills ranging significantly. The 25th percentile tax bill is $1,025, while the 75th percentile reaches $2,769, and the 90th percentile can be as high as $3,989. 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 Ferryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ferryville Assessed Value
$115,929
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 Ferryville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54628 | $38,938 | $68,879 | $115,929 | $184,880 | $260,441 |
Source: Ownwell
Property Tax Bills Across Ferryville, Wisconsin
In Ferryville, located in Crawford County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Ferryville is $115,929, and the property tax rate is aligned with the state’s regulations. Homeowners in Ferryville can expect to pay property taxes that fall within a range, with the 25th percentile tax bill at $1,025 and the 75th percentile at $2,769. For those at the higher end, the 90th percentile tax bill reaches up to $3,989. Factors such as the property's assessed value, which is determined by local assessors, and the specific tax rate applied by the county, play crucial roles in determining the final tax bill. These taxes fund essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Ferryville’s property taxes reflect the region’s economic conditions and funding needs, impacting homeowners' annual expenses significantly.
Average Ferryville Tax Bill
$1,735
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ferryville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54628 | $554 | $1,025 | $1,735 | $2,769 | $3,989 |
Source: Ownwell