Gays Mills, Wisconsin Property Taxes
The median property tax rate in Gays Mills, WI is 1.65%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Gays Mills, the typical annual property tax bill reaches $1,657, still below the national median of $2,690. Property taxes in Gays Mills 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 Gays Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gays Mills 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
Gays Mills, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,695
$1,573
Ownwell’s Gays Mills Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Gays Mills with just two pieces of information. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Gays Mills to provide an estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Gays Mills, Wisconsin
Property taxes in Gays Mills, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gays Mills is 1.65%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gays Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gays Mills 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 Gays Mills' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54631 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Gays Mills 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 Gays Mills Tax Rate
1.65%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gays Mills, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54631 | 1.18% | 1.44% | 1.65% | 1.83% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Gays Mills, Wisconsin
In Gays Mills, 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 Gays Mills, 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 Gays Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54631 in Crawford County has a median tax bill of $1657.
Average Gays Mills Assessed Value
$102,740
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 Gays Mills, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54631 | $24,363 | $49,832 | $102,740 | $155,788 | $205,711 |
Source: Ownwell
Property Tax Bills Across Gays Mills, Wisconsin
In Gays Mills, located in Crawford County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and represents the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in Gays Mills, property tax bills can vary significantly. At the 25th percentile, property tax bills are around $779, while at the 75th percentile, they can reach up to $2,736. The highest property tax bills in the area, at the 90th percentile, can be as much as $3,577. The median home price in Gays Mills is $102,740, and the local tax rate is higher than the national median property tax rate of 0.99%. This can impact homeowners by increasing their annual financial obligations, making it essential to understand how property taxes are calculated and managed.
Average Gays Mills Tax Bill
$1,657
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gays Mills, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54631 | $314 | $779 | $1,657 | $2,736 | $3,577 |
Source: Ownwell