Bangor, Wisconsin Property Taxes
The median property tax rate in Bangor, WI is 1.72%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Bangor at $181,800, the typical annual property tax bill reaches $3,063, exceeding the national median of $2,690. Property taxes in Bangor 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 Bangor'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 Bangor 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
Bangor, 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 Bangor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bangor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bangor 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 Bangor, Wisconsin
Property taxes in Bangor, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bangor is 1.72%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Bangor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bangor 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 Bangor's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54614 has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Bangor provides valuable insights into the varying tax landscape across La Crosse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bangor Tax Rate
1.72%
Average La Crosse County Tax Rate
1.93%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bangor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54614 | 1.59% | 1.66% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Bangor, Wisconsin
In Bangor, 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 La Crosse 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 Bangor, 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. For instance, the highest median tax bill in the area is $3,063 in the 54614 zip code. Being aware of these valuation processes in Bangor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bangor Assessed Value
$181,800
Average La Crosse County Assessed Value
$200,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bangor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54614 | $92,100 | $139,300 | $181,800 | $238,500 | $308,200 |
Source: Ownwell
Property Tax Bills Across Bangor, Wisconsin
In Bangor, La Crosse County, WI, 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 local assessor's office and reflects the property's market value. Homeowners in Bangor pay property taxes that contribute to public services like schools, roads, and emergency services. For instance, with a median home price of $181,800, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $2,356, while those at the 75th percentile could see bills as high as $3,982. The top 10% of property tax bills can reach up to $5,036. These figures highlight the range of potential tax liabilities depending on property value and specific assessments. Compared to the national median property tax rate of 0.99%, Bangor's rates can be seen as relatively high, emphasizing the importance of accurate property assessments for homeowners. Understanding these factors helps residents anticipate their financial responsibilities and plan accordingly.
Average Bangor Tax Bill
$3,063
Average La Crosse County Tax Bill
$3,624
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bangor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54614 | $1,492 | $2,356 | $3,063 | $3,982 | $5,036 |
Source: Ownwell