Soldiers Grove, Wisconsin Property Taxes
The median property tax rate in Soldiers Grove, WI is 1.64%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $175,700 in Soldiers Grove, the typical annual property tax bill amounts to $2,889, surpassing the national median of $2,690. Property taxes in Soldiers Grove are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Soldiers Grove'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 Soldiers Grove 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
Soldiers Grove, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$2,881
$2,674
Ownwell’s Soldiers Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soldiers Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soldiers Grove 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 Soldiers Grove, Wisconsin
Property taxes in Soldiers Grove, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soldiers Grove is 1.64%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Soldiers Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soldiers Grove 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 Soldiers Grove's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54655 zip code has the highest median property tax rate of 1.64%, while the same 54655 zip code also has the lowest median tax rate of 1.64%. Understanding how these cities compare with Soldiers Grove 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 Soldiers Grove Tax Rate
1.64%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soldiers Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54655 | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Soldiers Grove, Wisconsin
In Soldiers Grove, 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 Soldiers Grove, 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 Soldiers Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Soldiers Grove is $175,700, with the highest and lowest median tax bills recorded at $2,889 in the 54655 zip code.
Property Tax Assessment Values Across Soldiers Grove, Wisconsin
Source: Ownwell
$78,250
$172,175
$266,100
Average Soldiers Grove Assessed Value
$175,700
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 Soldiers Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54655 | $175,700 | $175,700 | $175,700 | $175,700 | $175,700 |
Source: Ownwell
Property Tax Bills Across Soldiers Grove, Wisconsin
In Soldiers Grove, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's worth, which may differ from its market value. Local tax authorities evaluate various factors, including property size, location, and condition, to determine this value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Soldiers Grove, the median home price is $175,700. With a median property tax rate in Richland County, homeowners can expect a typical tax bill around $2,889 annually. This figure is significantly higher than the national median property tax rate of 0.99%, placing a considerable financial responsibility on homeowners. The consistent tax bill across various percentiles indicates a stable tax environment, but it also underscores the importance of understanding and potentially appealing assessed values to ensure fair taxation.
Average Soldiers Grove Tax Bill
$2,889
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Soldiers Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54655 | $2,889 | $2,889 | $2,889 | $2,889 | $2,889 |
Source: Ownwell