Menomonie, Wisconsin Property Taxes
The median property tax rate in Menomonie, WI is 1.33%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Menomonie at $222,100, the typical annual property tax bill reaches $3,074, exceeding the national median of $2,690. Property taxes in Menomonie 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 Menomonie'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 Menomonie 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
Menomonie, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,954
$2,741
Ownwell’s Menomonie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Menomonie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Menomonie 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 Menomonie, Wisconsin
Property taxes in Menomonie, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Menomonie is 1.33%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Menomonie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Menomonie 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 Menomonie's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54751 zip code has the highest median property tax rate of 1.33%, while the same 54751 zip code also has the lowest median tax rate of 1.33%. Understanding how these areas compare with Menomonie 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 Menomonie Tax Rate
1.33%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menomonie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54751 | 1.18% | 1.22% | 1.33% | 1.53% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Menomonie, Wisconsin
In Menomonie, 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 Menomonie, 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 Menomonie is $222,100, with tax bills ranging from $2,438 at the 25th percentile to $5,188 at the 90th percentile. The highest and lowest median tax bills are both $3,074 in the 54751 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Menomonie Assessed Value
$222,100
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 Menomonie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54751 | $140,440 | $178,200 | $222,100 | $294,275 | $382,390 |
Source: Ownwell
Property Tax Bills Across Menomonie, Wisconsin
In Menomonie, located in Dunn County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Menomonie is $222,100. Homeowners can expect their property tax bills to vary significantly depending on the assessed value of their property and the specific tax rate applied. For instance, the 25th percentile tax bill is $2,438, while the 75th percentile tax bill reaches $4,034, and at the 90th percentile, it climbs to $5,188. The tax rate in Menomonie is influenced by local government budgets, school districts, and other municipal services, which means that property taxes directly fund essential community services. Homeowners in the zip code 54751, which has both the highest and lowest median tax bill of $3,074, experience these variations based on the assessed value of their property and any applicable exemptions or appeals. Compared to the national median property tax rate of 0.99%, Menomonie's property taxes can be seen as relatively high, impacting homeowners' annual financial planning and overall affordability.
Average Menomonie Tax Bill
$3,074
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Menomonie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54751 | $1,874 | $2,438 | $3,074 | $4,034 | $5,188 |
Source: Ownwell