Pepin County, Wisconsin Property Taxes
The median property tax rate in Pepin County is 1.98%, which is significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Pepin County, the typical annual property tax bill reaches $2,950, exceeding the national median of $2,690. Property taxes in Pepin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Pepin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Pepin or another part of Pepin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pepin County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$3,148
$2,921
Ownwell’s Pepin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pepin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pepin 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 Pepin County, Wisconsin
Property taxes in Pepin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pepin County is 1.98%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pepin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pepin 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 Pepin has one of the higher property tax rates in Wisconsin at 2.26%, while the city of Eau Galle boasts one of the lowest at 1.49%. Analyzing how Pepin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pepin County Tax Rate
1.98%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Pepin County, Wisconsin
In Pepin 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 Pepin 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 Pepin 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. Being aware of these valuation processes in Pepin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Pepin County, the highest median tax bill is found in Stockholm at $4,031, while Arkansaw has the lowest at $2,221. The national median property tax rate is 0.99%, making it crucial for homeowners to stay informed about local property tax trends to ensure fair assessments and potential savings.
Property Tax Assessment Values Across Pepin County, Wisconsin
Source: Ownwell
$142,300
$175,200
$208,100
Average Pepin County Assessed Value
$159,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pepin County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arkansaw | $45,560 | $84,600 | $144,500 | $217,200 | $299,940 |
| Durand | $73,500 | $103,500 | $142,300 | $206,600 | $289,500 |
| Eau Galle | $107,800 | $139,950 | $188,800 | $212,350 | $435,300 |
| Mondovi | $89,460 | $146,650 | $204,700 | $283,400 | $362,620 |
| Pepin | $64,380 | $113,100 | $168,000 | $240,000 | $343,780 |
| Stockholm | $54,600 | $116,900 | $208,100 | $303,200 | $510,900 |
Source: Ownwell
Property Tax Bills Across Pepin County, Wisconsin
In Pepin County, WI, property tax bills are determined based on the assessed value of your home and the local tax rate. The assessed value is an estimate of your property's market value, which is then multiplied by the tax rate to calculate your bill. Several factors influence this calculation, including the property's location, size, and condition. Homeowners in Pepin County experience a range of tax bills. The median home price stands at $159,000, with tax bills varying significantly across the county. At the 25th percentile, homeowners pay around $2,018, while those in the 75th percentile face bills of approximately $4,292. The top 10% of property tax bills can reach up to $6,102. For instance, Stockholm has the highest median tax bill at $4,031, whereas Arkansaw has the lowest at $2,221. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Pepin County Tax Bill
$2,950
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pepin County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arkansaw | $742 | $1,327 | $2,221 | $3,421 | $4,577 |
| Durand | $1,424 | $1,989 | $2,628 | $3,564 | $4,478 |
| Eau Galle | $1,600 | $2,078 | $2,803 | $3,154 | $6,464 |
| Mondovi | $1,456 | $2,623 | $3,637 | $5,165 | $6,588 |
| Pepin | $1,371 | $2,467 | $3,613 | $5,144 | $7,027 |
| Stockholm | $1,075 | $2,292 | $4,031 | $5,876 | $10,140 |
Source: Ownwell