Eau Claire, Dunn County, Wisconsin Property Taxes
The median property tax rate in Eau Claire, WI is 1.27%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Eau Claire at $256,800, the typical annual property tax bill reaches $3,261, exceeding the national median of $2,690. Property taxes in Eau Claire 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 Eau Claire'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 Eau Claire 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
Eau Claire, Dunn County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$3,261
$3,026
Ownwell’s Eau Claire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eau Claire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eau Claire 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 Eau Claire, Dunn County, Wisconsin
Property taxes in Eau Claire, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eau Claire stands at 1.27%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eau Claire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eau Claire 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 Eau Claire's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54703 zip code has the highest median property tax rate of 1.31%, while the 54701 zip code has the lowest median tax rate of 1.25%. Understanding how these areas compare with Eau Claire 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 Eau Claire Tax Rate
1.27%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eau Claire, Dunn County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54701 | 1.14% | 1.20% | 1.25% | 1.27% | 1.28% |
| 54703 | 1.21% | 1.28% | 1.31% | 1.34% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Eau Claire, Dunn County, Wisconsin
In Eau Claire, 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 local 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. Assessment notices in Eau Claire 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. For instance, in Eau Claire, the highest median tax bill is $3,430 in the 54701 zip code, while the lowest median tax bill is $3,094 in the 54703 zip code. 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 Eau Claire, Dunn County, Wisconsin
Source: Ownwell
$101,000
$187,825
$274,650
Average Eau Claire Assessed Value
$256,800
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 Eau Claire, Dunn County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54701 | $132,100 | $187,050 | $274,650 | $350,450 | $409,150 |
| 54703 | $111,470 | $176,600 | $235,350 | $297,600 | $386,620 |
Source: Ownwell
Property Tax Bills Across Eau Claire, Dunn County, Wisconsin
In Eau Claire, 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 annual tax bill. For homeowners in Eau Claire, the median home price is $256,800. Property tax bills can vary significantly, with the 25th percentile at $2,255 and the 75th percentile at $4,166. At the 90th percentile, tax bills can reach up to $5,271. Several factors influence these calculations, including the property's location within different zip codes. For example, the highest median tax bill in Eau Claire is $3,430 in the 54701 zip code, while the lowest median tax bill is $3,094 in the 54703 zip code. These tax bills directly impact homeowners by affecting their annual housing costs, making it essential for them to understand how their property is assessed and how local tax rates are applied.
Average Eau Claire Tax Bill
$3,261
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eau Claire, Dunn County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54701 | $1,482 | $2,202 | $3,430 | $4,445 | $5,229 |
| 54703 | $1,343 | $2,263 | $3,094 | $3,973 | $5,230 |
Source: Ownwell