Trempealeau, Wisconsin Property Taxes
The median property tax rate in Trempealeau, WI is 1.47%, considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Trempealeau at $78,900, the typical annual property tax bill reaches $1,157, which is below the national median of $2,690. Property taxes in Trempealeau 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 Trempealeau'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 Trempealeau or another part of La Crosse County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trempealeau, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,160
Ownwell’s Trempealeau Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trempealeau with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trempealeau 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 Trempealeau, Wisconsin
Property taxes in Trempealeau, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trempealeau is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Trempealeau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trempealeau 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 Trempealeau's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54661 has both the highest and lowest median property tax rate of 1.47%. Understanding how these cities compare with Trempealeau provides valuable insights into the varying tax landscape across Trempealeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trempealeau Tax Rate
1.47%
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 Trempealeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54661 | 1.47% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Trempealeau, Wisconsin
In Trempealeau, 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 Trempealeau, 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 Trempealeau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 54661, both at $1,157.
Average Trempealeau Assessed Value
$78,900
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 Trempealeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54661 | $72,340 | $74,800 | $78,900 | $79,400 | $79,700 |
Source: Ownwell
Property Tax Bills Across Trempealeau, Wisconsin
In Trempealeau, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is an estimate of the home's market value as determined by the local assessor's office. Several factors influence this assessment, including the property's location, size, and condition. For instance, a median home price in Trempealeau is $78,900, and the property tax rate in La Crosse County is reflective of this valuation process. Homeowners in Trempealeau can expect their property tax bills to range widely, with the 25th percentile tax bill at $1,097 and the 75th percentile at $1,164. The highest median tax bill recorded is $1,157, which is consistent across the zip code 54661. These figures indicate that property taxes in Trempealeau are somewhat higher than the national median property tax rate of 0.99%, affecting homeowners by increasing their annual financial obligations. Understanding these factors can help homeowners better anticipate their property tax responsibilities.
Average Trempealeau Tax Bill
$1,157
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 Trempealeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54661 | $1,061 | $1,097 | $1,157 | $1,164 | $1,169 |
Source: Ownwell