Black River Falls, Wisconsin Property Taxes
The median property tax rate in Black River Falls, WI is 1.22%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $179,250 in Black River Falls, the typical annual property tax bill amounts to $2,291, which is below the national median of $2,690. Property taxes in Black River Falls are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Black River Falls' property tax system, leveraging available exemptions, and seeking potential reductions can result in substantial annual savings. Whether you reside in the heart of Black River Falls or its surrounding areas, gaining a solid understanding of the local property tax system can be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Black River Falls, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,187
$2,029
Ownwell’s Black River Falls Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Black River Falls using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Black River Falls to provide an estimate of 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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black River Falls is 1.22%, 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 counties in Wisconsin and the national median. For comparison, the 54615 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities 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
1.22%
Average Monroe County Tax Rate
1.50%
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 | 1.10% | 1.18% | 1.22% | 1.23% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Black River Falls, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Black River Falls, Wisconsin. The market value represents 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 local assessment authority 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 Black River Falls, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $2,291 in the 54615 zip code, which is also the lowest median tax bill, highlighting the uniformity in tax assessments within this region.
Property Tax Assessment Values Across Black River Falls, Wisconsin
Source: Ownwell
$112,900
$155,600
$198,300
Average Black River Falls Assessed Value
$179,250
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 Black River Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54615 | $84,180 | $122,075 | $179,250 | $328,525 | $392,490 |
Source: Ownwell
Property Tax Bills Across Black River Falls, Wisconsin
In Black River Falls, located in Monroe County, WI, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local assessors, who evaluate the property’s market value. This assessed value is then multiplied by the local tax rate, which can vary depending on the specific needs and budgets of the local government, schools, and other public services. Homeowners in Black River Falls experience a range of tax bills. For example, the 25th percentile tax bill is approximately $1,459, while the 75th percentile tax bill reaches around $4,037. At the higher end, the 90th percentile tax bill can be as much as $4,859. These variations highlight how different factors, such as property size, location, and improvements, can influence the final tax amount. Compared to the national median property tax rate of 0.99%, the property taxes in Black River Falls can significantly impact homeowners, making it essential for them to understand how their tax bills are determined and what factors may affect them.
Average Black River Falls Tax Bill
$2,291
Average Monroe County Tax Bill
$2,549
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 | $856 | $1,459 | $2,291 | $4,037 | $4,859 |
Source: Ownwell