Blanchardville, Wisconsin Property Taxes
The median property tax rate in Blanchardville, WI is 1.01%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Blanchardville at $474,033, the typical annual property tax bill reaches $4,871, significantly exceeding the national median of $2,690. Property taxes in Blanchardville are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Blanchardville'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 Blanchardville or another part of Green County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blanchardville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$4,788
$4,443
Ownwell’s Blanchardville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blanchardville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanchardville 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 Blanchardville, Wisconsin
Property taxes in Blanchardville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanchardville is 1.01%, slightly above the U.S. national median of 0.99%. Local government entities within Blanchardville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanchardville 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 Blanchardville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53516 has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Blanchardville provides valuable insights into the varying tax landscape across Green County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanchardville Tax Rate
1.01%
Average Green County Tax Rate
1.78%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanchardville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53516 | 0.94% | 0.99% | 1.01% | 1.14% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Blanchardville, Wisconsin
In Blanchardville, 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 Green 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 Blanchardville, 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 Blanchardville 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 both stand at $4,871, found in the 53516 zip code.
Property Tax Assessment Values Across Blanchardville, Wisconsin
Source: Ownwell
$129,380
$337,456
$545,532
Average Blanchardville Assessed Value
$474,033
Average Green County Assessed Value
$193,272
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blanchardville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53516 | $174,381 | $332,504 | $474,033 | $607,809 | $699,195 |
Source: Ownwell
Property Tax Bills Across Blanchardville, Wisconsin
In Blanchardville, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Green County assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Blanchardville, the property tax rate can significantly impact their finances. For instance, with a median home price of $474,033, the tax bill can vary widely. Homeowners in the 25th percentile can expect to pay around $3,222 annually, while those in the 75th percentile may see bills as high as $6,330. At the 90th percentile, tax bills can reach $7,240. Compared to the national median property tax rate of 0.99%, Blanchardville's rates can lead to substantial tax bills, affecting budgeting and financial planning for homeowners. Understanding these factors is crucial for residents to manage their property-related expenses effectively.
Average Blanchardville Tax Bill
$4,871
Average Green County Tax Bill
$3,636
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanchardville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53516 | $1,941 | $3,222 | $4,871 | $6,330 | $7,240 |
Source: Ownwell