Mondovi, Wisconsin Property Taxes
The median property tax rate in Mondovi, WI is 1.21%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $186,800 in Mondovi, the typical annual property tax bill amounts to $2,291, which is below the national median of $2,690. Property taxes in Mondovi are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Mondovi's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to noteworthy annual savings. Whether you're in the heart of Mondovi or elsewhere in the city, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Mondovi, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,260
$2,097
Ownwell’s Mondovi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mondovi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mondovi 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 Mondovi, Wisconsin
Property taxes in Mondovi, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mondovi is 1.21%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mondovi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mondovi 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 Mondovi's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54755 zip code has both the highest and the lowest median property tax rate of 1.21%. Understanding how these cities compare with Mondovi 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 Mondovi Tax Rate
1.21%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mondovi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54755 | 1.08% | 1.16% | 1.21% | 1.24% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Mondovi, Wisconsin
In Mondovi, 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 Assessor 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 Mondovi, 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 Mondovi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,291, found in the 54755 zip code.
Average Mondovi Assessed Value
$186,800
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 Mondovi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54755 | $88,290 | $134,175 | $186,800 | $247,500 | $313,900 |
Source: Ownwell
Property Tax Bills Across Mondovi, Wisconsin
In Mondovi, 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 Mondovi is $186,800, which serves as a baseline for determining property taxes. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property improvements, market conditions, and neighborhood developments can influence the assessed value, thereby affecting the tax bill. Homeowners in Mondovi typically pay property taxes ranging from $1,581 at the 25th percentile to $3,010 at the 75th percentile, with the 90th percentile reaching up to $3,959. This variability highlights how different factors can influence individual tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Mondovi experience a range of tax burdens, reflecting the unique economic and property conditions of the area. Understanding these factors helps homeowners anticipate their annual costs and plan accordingly.
Average Mondovi Tax Bill
$2,291
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mondovi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54755 | $979 | $1,581 | $2,291 | $3,010 | $3,959 |
Source: Ownwell