Black River Falls, Wisconsin Property Taxes
The median property tax rate in Black River Falls, WI is 1.35%, 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 $139,600 in Black River Falls, the typical annual property tax bill reaches $2,111, which is below the national median of $2,690. Property taxes in Black River Falls are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Black River Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Black River Falls 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
Black River Falls, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s BLACK RIVER FALLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLACK RIVER FALLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLACK RIVER FALLS 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 Black River Falls, Wisconsin
Property taxes in Black River Falls, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black River Falls is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Black River Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black River Falls 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 Black River Falls' effective property tax rate to other areas and the national median. For comparison, the zip code 54615 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these figures compare with Black River Falls provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Black River Falls Tax Rate
1.35%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black River Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54615 | 1.11% | 1.24% | 1.35% | 1.83% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Black River Falls, Wisconsin
In Black River Falls, 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 Jackson 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. Assessment notices in Black River Falls 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 Black River Falls 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 both $2,111, found in zip code 54615, which can be compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Black River Falls, Wisconsin
Source: Ownwell
$68,200
$118,900
$169,600
Average Black River Falls Assessed Value
$139,600
Average Jackson County Assessed Value
$129,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Black River Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54615 | $52,500 | $89,500 | $139,600 | $205,700 | $285,400 |
Source: Ownwell
Property Tax Bills Across Black River Falls, Wisconsin
In Black River Falls, located in Jackson County, WI, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any improvements made to the property can influence the assessed value. For example, with a median home price of $139,600, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,298, while the 75th percentile reaches $2,999, and the 90th percentile can be as high as $4,191. This variability highlights how different factors can affect the final tax amount. Compared to the national median property tax rate of 0.99%, the tax rates in Black River Falls can result in a relatively high tax burden for homeowners, making it essential for them to understand how their specific property characteristics impact their tax bills.
Average Black River Falls Tax Bill
$2,111
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Black River Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54615 | $645 | $1,298 | $2,111 | $2,999 | $4,191 |
Source: Ownwell