Viola, Richland County, Wisconsin Property Taxes
The median property tax rate in Viola, WI is 1.52%, slightly lower than the Wisconsin state median of 1.58% but still higher than the national median of 0.99%. With a median home value of $108,500, the typical annual property tax bill in Viola is $1,591, which is below the national median of $2,690. Property taxes in Viola are calculated based on the tax-assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Viola's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Viola or elsewhere in Richland County, gaining a thorough understanding of the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Viola, Richland County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,649
$1,530
Ownwell’s Viola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Viola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Viola 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 Viola, Richland County, Wisconsin
Property taxes in Viola, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Viola is 1.52%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Viola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Viola 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 Viola's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54664 zip code has the highest median property tax rate of 1.52%, while the 54664 zip code also has the lowest median tax rate of 1.52%. Understanding how these areas compare with Viola 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 Viola Tax Rate
1.52%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Viola, Richland County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54664 | 1.03% | 1.40% | 1.52% | 1.60% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Viola, Richland County, Wisconsin
In Viola, 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 Richland 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 Viola, 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 Viola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54664, with a median bill of $1,591, which is significantly higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Viola, Richland County, Wisconsin
Source: Ownwell
$80,550
$97,700
$114,850
Average Viola Assessed Value
$108,500
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 Viola, Richland County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54664 | $27,100 | $40,750 | $108,500 | $190,000 | $291,180 |
Source: Ownwell
Property Tax Bills Across Viola, Richland County, Wisconsin
In Viola, Richland County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The process involves evaluating the market value of the property and then applying the local tax rate to this assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners in Viola, the median home price stands at $108,500. Property tax bills can vary significantly, with the 25th percentile at $593 and the 75th percentile reaching $2,736. At the 90th percentile, tax bills can soar to $4,451. These figures highlight the range of tax burdens that homeowners might face, depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, and Viola’s rates can be higher or lower based on specific assessments and local levies. This variability affects homeowners by influencing their annual financial obligations, impacting affordability, and potentially affecting property values in the long run.
Average Viola Tax Bill
$1,591
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Viola, Richland County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54664 | $342 | $593 | $1,591 | $2,736 | $4,451 |
Source: Ownwell