Blanchardville, Wisconsin Property Taxes
The median property tax rate in Blanchardville, WI is 1.76%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Blanchardville at $234,700, the typical annual property tax bill reaches $4,138, surpassing the national median of $2,690. Property taxes in Blanchardville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blanchardville'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 Blanchardville 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
Blanchardville, 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 Blanchardville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blanchardville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanchardville 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 Blanchardville, Wisconsin
Property taxes in Blanchardville, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanchardville is 1.76%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Blanchardville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanchardville 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 Blanchardville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53516 zip code has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Blanchardville provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanchardville Tax Rate
1.76%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanchardville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53516 | 1.65% | 1.72% | 1.76% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Blanchardville, Wisconsin
In Blanchardville, Wisconsin, understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes. The market value represents 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 Dane County Assessor for tax purposes. Conversely, 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 Blanchardville, 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. The median home price in Blanchardville is $234,700. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code 53516 has both the highest and lowest median tax bill at $4,138. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blanchardville, Wisconsin
Source: Ownwell
$33,800
$338,500
$643,200
Average Blanchardville Assessed Value
$234,700
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blanchardville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53516 | $162,780 | $205,800 | $234,700 | $304,950 | $422,400 |
Source: Ownwell
Property Tax Bills Across Blanchardville, Wisconsin
In Blanchardville, 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. Factors such as property size, location, and market conditions are considered during assessment. Homeowners in Blanchardville, located in Dane County, face varying tax bills depending on their property’s assessed value. The median home price in the area is $234,700, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $3,558, while the 75th percentile reaches $5,404, and the 90th percentile can go up to $7,477. The median tax bill in the area is $4,138, which is higher than the national median property tax rate of 0.99%. These tax bills impact homeowners by influencing their annual housing costs and, consequently, their overall financial planning and budgeting.
Average Blanchardville Tax Bill
$4,138
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanchardville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53516 | $2,720 | $3,558 | $4,138 | $5,404 | $7,477 |
Source: Ownwell