Boyceville, Wisconsin Property Taxes
The median property tax rate in Boyceville, WI is 1.50%, notably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Boyceville at $182,600, the typical annual property tax bill amounts to $2,768, just under the national median of $2,690. Property taxes in Boyceville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Boyceville's property tax system, exploring available exemptions, and identifying potential reductions, homeowners can achieve significant annual savings. This knowledge is valuable whether you're in the heart of Boyceville or elsewhere in Dunn County, benefiting both homeowners and real estate investors.
Last Updated June 14, 2024
Boyceville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$2,739
$2,542
Ownwell’s Boyceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boyceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boyceville 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 Boyceville, Wisconsin
Property taxes in Boyceville, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Boyceville is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Boyceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boyceville 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 Boyceville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54725 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 Boyceville provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boyceville Tax Rate
1.50%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boyceville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54725 | 1.33% | 1.42% | 1.50% | 1.57% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Boyceville, Wisconsin
In Boyceville, 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 Dunn 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 Boyceville, 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 Boyceville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Boyceville are both $2768, found in the 54725 zip code.
Average Boyceville Assessed Value
$182,600
Average Dunn County Assessed Value
$211,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boyceville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54725 | $95,690 | $131,150 | $182,600 | $250,900 | $326,740 |
Source: Ownwell
Property Tax Bills Across Boyceville, Wisconsin
In Boyceville, located in Dunn County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, the median home price in Boyceville is $182,600. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Boyceville experience a range of property tax bills, with the 25th percentile at $1,947 and the 75th percentile reaching $3,866. At the 90th percentile, tax bills can go up to $5,028. Compared to the national median property tax rate of 0.99%, Boyceville's property tax rates reflect the local funding requirements for public services such as schools and infrastructure. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly. The highest and lowest median tax bills in the area are both recorded at $2,768 in the zip code 54725, indicating a relatively consistent tax burden across the region.
Average Boyceville Tax Bill
$2,768
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Boyceville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54725 | $1,368 | $1,947 | $2,768 | $3,866 | $5,028 |
Source: Ownwell