Westby, Wisconsin Property Taxes
The median property tax rate in Westby, WI is 1.65%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Westby at $167,300, the typical annual property tax bill reaches $2,718, closely aligning with the national median of $2,690. Property taxes in Westby are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westby'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 Westby or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westby, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Westby Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Westby. Simply enter your property's estimated assessed value, and the calculator will apply the median tax rate in Westby to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Remember, your property's assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Westby, Wisconsin
Property taxes in Westby, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westby is 1.65%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Westby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westby 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 Westby's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54667 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Westby provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westby Tax Rate
1.65%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westby, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54667 | 1.39% | 1.54% | 1.65% | 1.78% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Westby, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westby, WI. 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 Vernon 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 Westby, 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 Westby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,718 in the 54667 zip code, compared to the national median property tax rate of 0.99%.
Average Westby Assessed Value
$167,300
Average Vernon County Assessed Value
$157,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westby, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54667 | $76,800 | $118,300 | $167,300 | $229,900 | $298,320 |
Source: Ownwell
Property Tax Bills Across Westby, Wisconsin
In Westby, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Vernon County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Westby can expect their tax bills to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. For example, with a median home price of $167,300, homeowners might see a range of tax bills. The 25th percentile tax bill is around $1,871, while the 75th percentile reaches up to $3,921. At the 90th percentile, tax bills can be as high as $5,384. These values show how property taxes can vary widely even within the same locality, depending on the specific attributes of each property. Comparatively, the median property tax rate in Westby is higher than the national median rate of 0.99%, affecting homeowners by increasing their annual financial obligations. This variability in tax bills significantly impacts homeowners, influencing their overall cost of living and financial planning.
Average Westby Tax Bill
$2,718
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Westby, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54667 | $1,136 | $1,871 | $2,718 | $3,921 | $5,384 |
Source: Ownwell