Lynxville, Wisconsin Property Taxes
The median property tax rate in Lynxville, WI is 1.45%, which is notably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Lynxville at $103,522, the typical annual property tax bill is $1,503, falling below the national median of $2,690. Property taxes in Lynxville are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lynxville'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 Lynxville 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
Lynxville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,501
Ownwell’s Lynxville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lynxville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lynxville 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 Lynxville, Wisconsin
Property taxes in Lynxville, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lynxville is 1.45%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lynxville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lynxville 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 Lynxville'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 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Lynxville 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 Lynxville Tax Rate
1.45%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lynxville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54626 | 1.30% | 1.35% | 1.45% | 1.54% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Lynxville, Wisconsin
In Lynxville, 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 Lynxville, 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 Lynxville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54626 has the highest median tax bill at $1,503.
Average Lynxville Assessed Value
$103,522
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 Lynxville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54626 | $44,871 | $64,701 | $103,522 | $131,148 | $204,552 |
Source: Ownwell
Property Tax Bills Across Lynxville, Wisconsin
Property tax bills in Lynxville, located in Crawford County, WI, are calculated based on the assessed value of a property and the local tax rate. This rate is applied to the assessed value, which is determined by local assessors who consider factors like the property's market value, location, and condition. For homeowners in Lynxville, the median home price is $103,522, and the median property tax bill stands at $1,503. This figure is significantly higher than the national median property tax rate of 0.99%. Homeowners in Lynxville can expect their tax bills to vary depending on their property's value. For instance, the tax bill at the 25th percentile is $940, while at the 75th percentile, it reaches $1,921. Those at the 90th percentile might see bills as high as $3,087. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average Lynxville Tax Bill
$1,503
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lynxville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54626 | $613 | $940 | $1,503 | $1,921 | $3,087 |
Source: Ownwell