Black River Falls, Monroe County, Wisconsin Property Taxes

Name: Property Tax Bills Across Black River Falls, Monroe County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Black River Falls, WI effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Black River Falls, WI home value: $179,250
Median annual Black River Falls, WI tax bill: $2,291, $109 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

Property taxes in Black River Falls, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Black River Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Black River Falls, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Black River Falls, Monroe County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$2,187

$2,029

Ownwell’s Black River Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Black River Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Black River Falls’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monroe. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Black River Falls, Monroe County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Black River Falls, located in Monroe County, WI, the effective property tax rate reflects this process. Compared to the national median property tax rate of 1.02%, Black River Falls has a higher rate at 1.22%, which is also the highest and lowest median tax rate within its zip code, 54615. This rate is indicative of the county's budgetary needs and property values. By understanding these rates, property owners in Black River Falls can better anticipate their tax responsibilities and explore potential appeal or exemption opportunities.

Property Tax Rates Across Black River Falls, Monroe County, Wisconsin

Source: Ownwell

1.16%

1.40%

1.63%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Black River Falls Tax Rate

1.22%

Median Effective Monroe County Tax Rate

1.50%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Black River Falls, Monroe County, 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, Monroe County, Wisconsin

When examining property taxes in Black River Falls, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Black River Falls.

For example, the median home price in Black River Falls is $179,250, with tax bills ranging significantly across the county. 54615 has the highest median home price at $179,250.

Property Tax Assessment Values Across Black River Falls, Monroe County, Wisconsin

Source: Ownwell

$112,900

$149,900

$186,900

Median Black River Falls Market Value

$179,250

Median Monroe County Market Value

$170,300

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Black River Falls, Monroe County, 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, Monroe County, Wisconsin

In Black River Falls, located in Monroe County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Black River Falls is $179,250. Homeowners can expect a tax bill that varies significantly, with the 25th percentile at $1,459 and the 75th percentile reaching $4,037. The highest median tax bill in the area is $2,291, which is slightly below the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thus impacting the tax bill. High property taxes can place a financial burden on homeowners, making it crucial to ensure they are not overpaying. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in potentially lowering their property tax bills, providing significant savings and peace of mind.

Property Tax Bills Across Black River Falls, Monroe County, Wisconsin

Source: Ownwell

$1,644

$2,223

$2,801

Median Black River Falls Tax Bill

$2,291

Median Monroe County Tax Bill

$2,549

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Black River Falls, Monroe County, 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