Monroe County Property Taxes
The median property tax rate in Monroe County is 1.50%, slightly lower than the Wisconsin state median of 1.58% but still higher than the national median of 0.99%. With a median home value of $170,300, the typical annual property tax bill in Monroe County is $2,549, which is below the national median of $2,690. Property taxes in Monroe County are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence exemption. By understanding Monroe County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in Sparta or another part of Monroe County, gaining a comprehensive knowledge of local property taxes is essential for maximizing your financial benefits.
Last Updated June 14, 2024
Monroe County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$2,555
Ownwell’s Monroe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Monroe County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Monroe County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Monroe County, Wisconsin
Property taxes in Monroe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Monroe County is 1.50%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Monroe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Monroe County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Tomah has one of the higher property tax rates in Wisconsin at 1.63%, while the city of Camp Douglas boasts one of the lowest at 1.16%. Analyzing how Monroe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Monroe County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monroe County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bangor | 1.26% | 1.27% | 1.40% | 1.49% | 1.53% |
| Black River Falls | 1.10% | 1.18% | 1.22% | 1.23% | 1.29% |
| Camp Douglas | 0.97% | 1.09% | 1.16% | 1.21% | 1.27% |
| Cashton | 1.34% | 1.52% | 1.62% | 1.71% | 1.80% |
| Elroy | 1.18% | 1.39% | 1.53% | 1.64% | 1.72% |
| Kendall | 1.29% | 1.44% | 1.55% | 1.65% | 1.73% |
| Norwalk | 1.23% | 1.40% | 1.59% | 1.86% | 2.04% |
| Ontario | 1.33% | 1.43% | 1.53% | 1.61% | 1.66% |
| Rockland | 1.11% | 1.26% | 1.38% | 1.49% | 1.57% |
| Sparta | 1.18% | 1.26% | 1.42% | 1.64% | 1.71% |
| Tomah | 1.10% | 1.18% | 1.63% | 1.75% | 1.82% |
| Warrens | 1.06% | 1.16% | 1.25% | 2.39% | 2.61% |
| Wilton | 1.30% | 1.44% | 1.57% | 2.03% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Monroe County, Wisconsin
In Monroe County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Monroe County Appraisal District. The assessed value, however, 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 Monroe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Sparta has the highest median tax bill at $2,801, while Elroy has the lowest at $1,644. Being aware of these valuation processes in Monroe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Monroe County, Wisconsin
Source: Ownwell
$112,900
$155,600
$198,300
Average Monroe County Assessed Value
$170,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Monroe County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bangor | $103,400 | $174,200 | $198,300 | $313,500 | $406,860 |
| Black River Falls | $84,180 | $122,075 | $179,250 | $328,525 | $392,490 |
| Camp Douglas | $49,750 | $107,075 | $175,300 | $237,475 | $311,340 |
| Cashton | $53,860 | $91,100 | $142,800 | $231,350 | $305,020 |
| Elroy | $35,430 | $73,650 | $115,550 | $198,825 | $275,310 |
| Kendall | $41,340 | $72,800 | $112,900 | $183,400 | $248,400 |
| Norwalk | $41,810 | $69,175 | $115,650 | $194,275 | $300,230 |
| Ontario | $39,110 | $85,875 | $138,400 | $206,150 | $274,480 |
| Rockland | $47,760 | $105,800 | $184,400 | $273,900 | $354,480 |
| Sparta | $84,500 | $133,000 | $186,900 | $258,400 | $348,480 |
| Tomah | $79,800 | $122,200 | $172,500 | $237,300 | $335,100 |
| Warrens | $53,080 | $101,400 | $148,250 | $217,675 | $298,700 |
| Wilton | $47,800 | $80,600 | $127,700 | $190,000 | $271,400 |
Source: Ownwell
Property Tax Bills Across Monroe County, Wisconsin
In Monroe 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 local assessors who evaluate the property's market value. Once the assessed value is established, it's multiplied by the local tax rate to calculate the annual tax bill. Monroe County's property tax rate is influenced by factors such as local government budgets, school district funding, and public services. Homeowners in Monroe County experience varying tax bills. For instance, the tax bill at the 25th percentile is approximately $1,671, while at the 75th percentile, it reaches around $3,542. The 90th percentile sees tax bills as high as $4,725. Comparatively, Sparta has the highest median tax bill at $2,801, whereas Elroy has the lowest at $1,644. These figures reflect how property taxes can significantly impact homeowners, with some paying substantially more than others based on their property's assessed value and location within the county.
Average Monroe County Tax Bill
$2,549
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Monroe County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bangor | $1,404 | $2,439 | $2,473 | $4,664 | $6,263 |
| Black River Falls | $856 | $1,459 | $2,291 | $4,037 | $4,859 |
| Camp Douglas | $499 | $1,263 | $1,984 | $2,815 | $3,788 |
| Cashton | $843 | $1,497 | $2,313 | $3,739 | $4,862 |
| Elroy | $427 | $1,023 | $1,644 | $3,108 | $4,407 |
| Kendall | $586 | $1,100 | $1,811 | $2,826 | $3,855 |
| Norwalk | $660 | $1,205 | $1,931 | $3,118 | $4,639 |
| Ontario | $527 | $1,274 | $2,103 | $3,298 | $4,542 |
| Rockland | $645 | $1,275 | $2,428 | $4,059 | $5,532 |
| Sparta | $1,143 | $1,924 | $2,801 | $3,782 | $4,938 |
| Tomah | $1,111 | $1,811 | $2,570 | $3,502 | $4,696 |
| Warrens | $657 | $1,437 | $2,438 | $3,245 | $4,215 |
| Wilton | $711 | $1,330 | $2,252 | $3,162 | $4,524 |
Source: Ownwell