Arkansaw, Wisconsin Property Taxes
The median property tax rate in Arkansaw, WI is 1.57%, slightly lower than the Wisconsin state median of 1.58% but still considerably higher than the national median of 0.99%. With the median home value in Arkansaw at $144,500, the typical annual property tax bill amounts to $2,221, which is below the national median of $2,690. Property taxes in Arkansaw are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Arkansaw'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 Arkansaw or another part of Pepin County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arkansaw, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Arkansaw Property Tax Bill Calculator provides a seamless way for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arkansaw with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Arkansaw to project your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Arkansaw, Wisconsin
Property taxes in Arkansaw, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkansaw is 1.57%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Arkansaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arkansaw 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 Arkansaw's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54721 has the highest median property tax rate of 1.57%, while the lowest median tax rate is also 1.57% in the same zip code. Understanding how these cities compare with Arkansaw provides valuable insights into the varying tax landscape across Pepin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkansaw Tax Rate
1.57%
Average Pepin County Tax Rate
1.98%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | 1.48% | 1.52% | 1.57% | 1.57% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Arkansaw, Wisconsin
In Arkansaw, 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 Pepin 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 Arkansaw, 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 Arkansaw 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 bill is 54721, both at $2221.
Average Arkansaw Assessed Value
$144,500
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 Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | $45,560 | $84,600 | $144,500 | $217,200 | $299,940 |
Source: Ownwell
Property Tax Bills Across Arkansaw, Wisconsin
In Arkansaw, located in Pepin County, WI, property tax bills are calculated based on the assessed value of your home. The median home price here is $144,500. Local taxing authorities assess this value to determine your property tax bill. The assessed value is then multiplied by the local tax rate to calculate the annual property tax owed. Factors such as property location, home improvements, and market conditions can influence the assessed value. For homeowners, this means that the tax bill can vary widely. For instance, the 25th percentile tax bill is $1,327, while the 75th percentile tax bill is significantly higher at $3,421. The 90th percentile tax bill reaches $4,577. These variations highlight the impact of different property values and local tax rates on homeowners' annual expenses. Comparatively, the national median property tax rate is 0.99%, which offers a benchmark for understanding local tax burdens. In Pepin County, the highest and lowest median tax bills are both $2,221 in the 54721 zip code, indicating some consistency in tax assessments within this area.
Average Arkansaw Tax Bill
$2,221
Average Pepin County Tax Bill
$2,950
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | $742 | $1,327 | $2,221 | $3,421 | $4,577 |
Source: Ownwell