Cadott, Wisconsin Property Taxes
The median property tax rate in Cadott, WI is 1.22%, which is higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value in Cadott of $182,950, the typical annual property tax bill amounts to $2,072, which is below the national median of $2,690. Property taxes in Cadott are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Cadott'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 Cadott or another part of Eau Claire County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cadott, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,232
$2,071
Ownwell’s Cadott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cadott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cadott 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 Cadott, Wisconsin
Property taxes in Cadott, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cadott is 1.22%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cadott set these rates annually, and they can vary across different neighborhoods. Each year, Cadott 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 Cadott's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54727 has the highest median property tax rate of 1.22%, while also having the lowest median tax rate of 1.22%. Understanding how these figures compare with Cadott provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cadott Tax Rate
1.22%
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 Cadott, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54727 | 0.90% | 1.09% | 1.22% | 1.27% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Cadott, Wisconsin
In Cadott, 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 Cadott, 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 Cadott is $182,950, with the 25th percentile tax bill at $1,201 and the 75th percentile tax bill at $3,222. 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 Cadott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cadott Assessed Value
$182,950
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 Cadott, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54727 | $83,150 | $107,550 | $182,950 | $280,700 | $323,790 |
Source: Ownwell
Property Tax Bills Across Cadott, Wisconsin
In Cadott, located in Eau Claire County, WI, property tax bills are determined 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, which is periodically updated by the county assessor. Homeowners in Cadott can expect their property tax bills to vary significantly based on this assessed value. For instance, the median home price in Cadott is $182,950. With the national median property tax rate at 0.99%, homeowners might expect a tax bill around $1,812. However, the actual tax bills in Cadott can range widely. At the 25th percentile, tax bills are around $1,201, while at the 75th percentile, they can reach $3,222. The 90th percentile sees tax bills as high as $4,188. These variations in tax bills directly impact homeowners, influencing their annual financial planning and the overall affordability of owning property in the area. Understanding how these factors interplay can help residents better anticipate their property tax obligations.
Average Cadott Tax Bill
$2,072
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 Cadott, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54727 | $814 | $1,201 | $2,072 | $3,222 | $4,188 |
Source: Ownwell