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Colfax, Chippewa County, Wisconsin Property Taxes

  • Median Colfax, WI effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.

  • Median Colfax, WI home value: $215,650

  • Median annual Colfax, WI tax bill: $1,964, $436 lower than the national median property tax bill of $2,400.

How are property taxes in Chippewa calculated?

Property taxes in Colfax, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Colfax’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Colfax, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Colfax, Chippewa County, Wisconsin Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$2,206

$2,047

Ownwell’s Colfax Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Colfax with just two data points. By entering your property's estimated assessed value, our calculator applies Colfax’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chippewa County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Colfax, Chippewa County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Colfax’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.

Property Tax Rates Across Colfax, Chippewa County, Wisconsin

Source: Ownwell

0.76%

0.98%

1.20%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Colfax Tax Rate

0.84%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Chippewa County Tax Rate

0.98%

Median Effective Wisconsin Tax Rate

1.43%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colfax, Chippewa County, Wisconsin

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
547300.79%0.82%0.84%0.88%0.91%

Source: Ownwell

Property Tax Assessment Values Across Colfax, Chippewa County, Wisconsin

When examining property taxes in Colfax, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chippewa County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Chippewa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Colfax. For example, the median home price in Colfax is $215,650, with tax bills ranging significantly across the county. 54730 has the highest median home price at $215,650.

Property Tax Assessment Values Across Colfax, Chippewa County, Wisconsin

Source: Ownwell

$148,900

$246,050

$343,200

Median Colfax Market Value

$262,600

Median Chippewa County Market Value

$229,200

Median Wisconsin Market Value

$237,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colfax, Chippewa County, Wisconsin

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
54730$124,500$188,600$262,600$372,400$475,600

Source: Ownwell

Property Tax Bills Across Colfax, Chippewa County, Wisconsin

In Colfax, located in Chippewa County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Colfax, the tax bill can vary significantly, with the 25th percentile at $1,365 and the 90th percentile reaching $3,678. The median property tax bill in the area stands at $1,964, which is below the national median property tax bill of $2,400. This can be attributed to the median home price in Colfax being $215,650. However, many homeowners may still find their tax bills burdensome. Ownwell offers a solution by providing expert property tax appeal services, helping homeowners potentially lower their assessed values and, consequently, their tax bills. By leveraging local expertise and a thorough understanding of property tax laws, Ownwell aims to ensure homeowners pay only their fair share, offering peace of mind and potential savings.

Property Tax Bills Across Colfax, Chippewa County, Wisconsin

Source: Ownwell

$1,189

$2,036

$2,882

Median Colfax Tax Bill

$2,197

Median Chippewa County Tax Bill

$2,460

Median Wisconsin Tax Bill

$3,453

Median United States Tax Bill

$2,400

Property Tax Bills Across Colfax, Chippewa County, Wisconsin

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
54730$995$1,543$2,197$3,178$4,286

Source: Ownwell

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