Eleva, Wisconsin Property Taxes
The median property tax rate in Eleva, WI is 1.14%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Eleva at $317,300, the typical annual property tax bill reaches $3,899, surpassing the national median of $2,690. Property taxes in Eleva are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Eleva'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 Eleva 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
Eleva, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,617
$3,357
Ownwell’s Eleva Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eleva with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eleva 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 Eleva, Wisconsin
Property taxes in Eleva, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eleva is 1.14%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eleva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eleva 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 Eleva's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54738 zip code has the highest median property tax rate of 1.14%, while the 54738 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Eleva 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 Eleva Tax Rate
1.14%
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 Eleva, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54738 | 1.05% | 1.11% | 1.14% | 1.23% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Eleva, Wisconsin
In Eleva, 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 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 Eleva, 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. The median home price in Eleva is $317,300, and the median tax bill ranges from $2,525 at the 25th percentile to $6,728 at the 90th percentile. The highest and lowest median tax bills are both $3,899 in the 54738 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eleva Assessed Value
$317,300
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 Eleva, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54738 | $141,780 | $218,400 | $317,300 | $465,700 | $569,860 |
Source: Ownwell
Property Tax Bills Across Eleva, Wisconsin
In Eleva, located within Eau Claire 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 Eleva is $317,300. Property taxes are determined by multiplying the assessed value of the property by the local tax rate, which is influenced by various factors such as local government budgets, school funding, and public services. For homeowners, this means that their annual tax bill can vary significantly. For example, the 25th percentile tax bill is $2,525, while the 75th percentile tax bill is $5,411, and the 90th percentile tax bill reaches $6,728. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Eleva's property tax bills can be quite substantial, affecting homeowners' overall financial planning and housing affordability.
Average Eleva Tax Bill
$3,899
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 Eleva, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54738 | $1,551 | $2,525 | $3,899 | $5,411 | $6,728 |
Source: Ownwell