Spring Valley, Wisconsin Property Taxes
The median property tax rate in Spring Valley, WI is 1.62%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Spring Valley at $160,700, the typical annual property tax bill reaches $2,603, which is just below the national median of $2,690. Property taxes in Spring Valley 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 Spring Valley'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 Spring Valley or another part of Dunn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spring Valley, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,603
Ownwell’s Spring Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spring Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spring Valley to provide an estimate of 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 Spring Valley, Wisconsin
Property taxes in Spring Valley, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Valley is 1.62%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Spring Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Valley 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 Spring Valley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54767 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these areas compare with Spring Valley 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 Spring Valley Tax Rate
1.62%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54767 | 1.54% | 1.57% | 1.62% | 1.70% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Spring Valley, Wisconsin
In Spring Valley, 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 Spring Valley, 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 Spring Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,603, found in the 54767 zip code, which is also the zip code with the lowest median tax bill.
Property Tax Assessment Values Across Spring Valley, Wisconsin
Source: Ownwell
$101,000
$187,825
$274,650
Average Spring Valley Assessed Value
$160,700
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 Spring Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54767 | $118,220 | $133,400 | $160,700 | $245,250 | $323,420 |
Source: Ownwell
Property Tax Bills Across Spring Valley, Wisconsin
In Spring Valley, located in Dunn County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value determined by the county assessor. Homeowners in Spring Valley experience a range of property tax bills, with the 25th percentile at $2,093 and the 75th percentile at $4,204. The highest median tax bill in the area is $2,603, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and any improvements made. These taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. For homeowners, understanding these factors and how they affect their tax bill is crucial for financial planning and property management. The property tax rate in Spring Valley ensures that residents contribute fairly to the upkeep and development of their community.
Average Spring Valley Tax Bill
$2,603
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54767 | $1,818 | $2,093 | $2,603 | $4,204 | $5,590 |
Source: Ownwell