Mondovi, Wisconsin Property Taxes
The median property tax rate in Mondovi, WI is 1.57%, slightly lower than the Wisconsin state median of 1.58% but significantly higher than the national median of 0.99%. With the median home value in Mondovi at $262,800, the typical annual property tax bill reaches $4,121, far exceeding the national median of $2,690. Property taxes in Mondovi are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mondovi'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 Mondovi or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mondovi, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$4,126
$3,829
Ownwell’s Mondovi Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mondovi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mondovi 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 Mondovi, Wisconsin
Property taxes in Mondovi, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mondovi is 1.57%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mondovi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mondovi 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 Mondovi's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54755 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these areas compare with Mondovi provides valuable insights into the varying tax landscape across Trempealeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mondovi Tax Rate
1.57%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mondovi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54755 | 1.54% | 1.55% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Mondovi, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mondovi, Wisconsin. 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 Trempealeau 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 Mondovi, 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 Mondovi 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 54755, with a value of $4,121, which is also the lowest median tax bill in the area.
Average Mondovi Assessed Value
$262,800
Average Trempealeau County Assessed Value
$169,050
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mondovi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54755 | $220,640 | $236,450 | $262,800 | $278,350 | $287,680 |
Source: Ownwell
Property Tax Bills Across Mondovi, Wisconsin
In Mondovi, located in Trempealeau 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 local assessor and reflects the market value of the property. Various factors influence this assessment, including the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. Mondovi's property tax rate is competitive, with the national median rate being 0.99%. Homeowners in Mondovi can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $3,676, while at the 75th percentile, it rises to $4,365. At the 90th percentile, the tax bill can reach up to $4,512. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, impacting homeowners directly by contributing to the quality of life and services in the community.
Average Mondovi Tax Bill
$4,121
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mondovi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54755 | $3,409 | $3,676 | $4,121 | $4,365 | $4,512 |
Source: Ownwell