Altoona, Wisconsin Property Taxes
The median property tax rate in Altoona, WI is 1.72%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Altoona at $224,500, the typical annual property tax bill reaches $3,965, exceeding the national median of $2,690. Property taxes in Altoona 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 Altoona'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 Altoona 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
Altoona, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$3,861
Ownwell’s Altoona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Altoona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Altoona 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 Altoona, Wisconsin
Property taxes in Altoona, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Altoona is 1.72%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Altoona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Altoona 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 Altoona's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54720 zip code has both the highest and lowest median property tax rate of 1.72%. Understanding how these cities compare with Altoona provides valuable insights into the varying tax landscape across Eau Claire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Altoona Tax Rate
1.72%
Average Eau Claire County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Altoona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54720 | 1.59% | 1.67% | 1.72% | 1.79% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Altoona, Wisconsin
In Altoona, 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 Eau Claire 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 Altoona, 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. For instance, the highest median tax bill in the area is $3,965 in the 54720 zip code. Being aware of these valuation processes in Altoona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Altoona Assessed Value
$224,500
Average Eau Claire County Assessed Value
$211,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Altoona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54720 | $118,720 | $164,350 | $224,500 | $295,250 | $380,260 |
Source: Ownwell
Property Tax Bills Across Altoona, Wisconsin
In Altoona, WI, property tax bills are calculated based on the assessed value of a property, which is determined by the Eau Claire County assessor’s office. The assessed value is meant to reflect the fair market value of the home. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $224,500, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any improvements made. Homeowners in Altoona see tax bills ranging from $2,811 at the 25th percentile to $6,645 at the 90th percentile, reflecting the diversity in property values and assessments within the area. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for residents. Comparing this to the national median property tax rate of 0.99%, Altoona's tax rates can offer a perspective on how local taxation might affect overall homeownership costs.
Average Altoona Tax Bill
$3,965
Average Eau Claire County Tax Bill
$3,004
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Altoona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54720 | $2,047 | $2,811 | $3,965 | $5,120 | $6,645 |
Source: Ownwell