Fall Creek, Wisconsin Property Taxes
The median property tax rate in Fall Creek, WI is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $224,000 in Fall Creek, the typical annual property tax bill reaches $3,006, surpassing the national median of $2,690. Property taxes in Fall Creek are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fall Creek'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 Fall Creek 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
Fall Creek, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,957
$2,744
Ownwell’s Fall Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fall Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fall Creek 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 Eau Claire County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fall Creek, Wisconsin
Property taxes in Fall Creek, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fall Creek is 1.32%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fall Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fall Creek 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 Fall Creek's effective property tax rate to other areas in Eau Claire County and the national median. For comparison, the zip code 54742 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Fall Creek 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 Fall Creek Tax Rate
1.32%
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 Fall Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54742 | 1.10% | 1.22% | 1.32% | 1.53% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Fall Creek, Wisconsin
In Fall Creek, 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 Fall Creek, 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 Fall Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are $3,006, both found in zip code 54742.
Average Fall Creek Assessed Value
$224,000
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 Fall Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54742 | $109,670 | $160,450 | $224,000 | $307,800 | $417,640 |
Source: Ownwell
Property Tax Bills Across Fall Creek, Wisconsin
In Fall Creek, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate, which varies according to the specific needs and budget of the community. Factors such as the median home price, which stands at $224,000, play a significant role in determining the tax bill. For example, homeowners in the 25th percentile can expect to pay around $2,198, while those in the 75th percentile may see bills as high as $4,186. At the 90th percentile, tax bills can reach up to $5,595. These property taxes fund essential services like public schools, road maintenance, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, the rates in Fall Creek reflect the community's specific financial requirements and priorities, ensuring that local services are adequately funded.
Average Fall Creek Tax Bill
$3,006
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 Fall Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54742 | $1,469 | $2,198 | $3,006 | $4,186 | $5,595 |
Source: Ownwell