La Valle, Wisconsin Property Taxes
The median property tax rate in LA VALLE, WI is 1.38%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $245,871 in LA VALLE, the typical annual property tax bill reaches $3,098, 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
$3,393
$3,149
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, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VALLE is 1.38%, significantly 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 areas in Wisconsin and the national median. For comparison, the zip code 53941 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 areas compare with LA VALLE provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Valle Tax Rate
1.38%
Average Sauk County Tax Rate
1.40%
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 | 1.05% | 1.23% | 1.38% | 1.52% | 1.53% |
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 Sauk 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 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. For example, the median home price in LA VALLE is $245,871, with tax bills ranging from $1,846 at the 25th percentile to $6,716 at the 90th percentile. The highest and lowest median tax bill in the zip code 53941 is $3,098. 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 LA VALLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Valle Assessed Value
$245,871
Average Sauk County Assessed Value
$227,964
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 | $84,499 | $143,142 | $245,871 | $356,958 | $472,784 |
Source: Ownwell
Property Tax Bills Across La Valle, Wisconsin
In LA VALLE, Sauk County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in LA VALLE experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,846, while the 75th percentile reaches $4,990, and the 90th percentile can go up to $6,716. The median home price in the area is $245,871, which is a significant factor in determining the tax burden. Comparing this to the national median property tax rate of 0.99%, homeowners in LA VALLE may find their tax bills relatively higher or lower depending on their property's assessed value and the specific tax rate applied.
Average La Valle Tax Bill
$3,098
Average Sauk County Tax Bill
$3,357
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 | $1,079 | $1,846 | $3,098 | $4,990 | $6,716 |
Source: Ownwell