Boscobel, Wisconsin Property Taxes
The median property tax rate in Boscobel, WI is 1.24%, 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 Boscobel at $125,200, the typical annual property tax bill amounts to $1,648, which is below the national median of $2,690. Property taxes in Boscobel are calculated based on the tax assessed value, usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Boscobel'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 Boscobel or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boscobel, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,552
Ownwell’s Boscobel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boscobel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boscobel 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 Boscobel, Wisconsin
Property taxes in Boscobel, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boscobel is 1.24%, which is higher than the U.S. national median of 0.99%. Local government entities within Boscobel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boscobel 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 Boscobel's effective property tax rate to other areas in Grant County and the national median. For comparison, the zip code 53805 has the highest median property tax rate of 1.24%, while the lowest median tax rate is also 1.24%. Understanding how these areas compare with Boscobel provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boscobel Tax Rate
1.24%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boscobel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53805 | 0.96% | 1.09% | 1.24% | 1.46% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Boscobel, Wisconsin
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Boscobel, WI. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Grant 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 Boscobel, 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 Boscobel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 53805 has the highest and lowest median tax bill at $1,648, compared to the national median property tax rate of 0.99%.
Average Boscobel Assessed Value
$125,200
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boscobel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53805 | $28,740 | $54,250 | $125,200 | $207,475 | $292,490 |
Source: Ownwell
Property Tax Bills Across Boscobel, Wisconsin
In Boscobel, Grant County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Boscobel is $125,200. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary depending on the specific area within the county. For example, homeowners in the zip code 53805 see a median tax bill of $1,648. Factors such as property size, location, and improvements can affect the assessed value, thereby impacting the tax bill. Homeowners in the 25th percentile pay around $709, while those in the 75th percentile face bills of up to $2,849. The top 10% of homeowners might see tax bills as high as $3,913. Compared to the national median property tax rate of 0.99%, Boscobel's rates can be considered relatively moderate. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Boscobel Tax Bill
$1,648
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Boscobel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53805 | $306 | $709 | $1,648 | $2,849 | $3,913 |
Source: Ownwell