La Valle, Wisconsin Property Taxes
The median property tax rate in LA VALLE, WI is 1.38%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in LA VALLE at $266,100, the typical annual property tax bill reaches $3,683, exceeding the national median of $2,690. Property taxes in LA VALLE are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA VALLE'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 LA VALLE or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Valle, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$3,672
Ownwell’s LA VALLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA VALLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA VALLE to estimate 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 La Valle, Wisconsin
Property taxes in LA VALLE, WI, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VALLE is 1.38%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within LA VALLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA VALLE 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 LA VALLE's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53941 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with LA VALLE provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Valle Tax Rate
1.38%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Valle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53941 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across La Valle, Wisconsin
In LA VALLE, 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 local 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 LA VALLE, 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. For instance, the highest and lowest median tax bills in LA VALLE, both at $3683, are found in the 53941 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Valle Assessed Value
$266,100
Average Richland County Assessed Value
$97,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Valle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53941 | $266,100 | $266,100 | $266,100 | $266,100 | $266,100 |
Source: Ownwell
Property Tax Bills Across La Valle, Wisconsin
Property tax bills in La Valle, located in Richland County, WI, are calculated based on the assessed value of properties and the local tax rate. The median home price in La Valle stands at $266,100. To determine the tax bill, assessors evaluate the property's market value and apply the local tax rate to this assessed value. In La Valle, the tax bill for the 25th, 75th, and 90th percentiles is consistently $3,683, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made to the property. Homeowners in La Valle face a higher tax burden compared to the national average, which can impact their overall financial planning and housing affordability. This consistent tax rate across different percentiles indicates a relatively uniform property tax system within the area, ensuring that all homeowners contribute fairly to local services and infrastructure.
Average La Valle Tax Bill
$3,683
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across La Valle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53941 | $3,683 | $3,683 | $3,683 | $3,683 | $3,683 |
Source: Ownwell