Elk Mound, Chippewa County, Wisconsin Property Taxes
Median ELK MOUND, WI effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median ELK MOUND, WI home value: $283,050
Median annual ELK MOUND, WI tax bill: $2,705, $305 higher than the national median property tax bill of $2,400.
How are property taxes in Chippewa calculated?
Property taxes in ELK MOUND, 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 ELK MOUND’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELK MOUND, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elk Mound, Chippewa County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$2,746
$2,548
Property Tax Rates Across Elk Mound, Chippewa County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. 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.
In Elk Mound, located in Chippewa County, WI, the effective property tax rate is 0.97%. This is slightly below the national median property tax rate of 1.02%. Elk Mound's rate reflects the county's budgetary needs balanced against the total value of taxable properties. As a result, property owners in Elk Mound benefit from a tax rate that is competitive within Wisconsin and favorable compared to the national average.
Understanding these dynamics can empower property owners to make informed decisions and potentially identify opportunities for tax appeals or exemptions. By staying informed, property owners in Elk Mound can better navigate the complexities of property taxation and potentially reduce their tax burdens.
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 Elk Mound Tax Rate
0.97%
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
1.09%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elk Mound, Chippewa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54739 | 0.91% | 0.94% | 0.97% | 0.99% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Elk Mound, Chippewa County, Wisconsin
When examining property taxes in Elk Mound, 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 Assessor's Office 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 May. 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 Elk Mound. For example, the median home price in Elk Mound is $283,050, with tax bills ranging significantly across the county. Zip code 54739 has the highest median home price at $283,050.
Property Tax Assessment Values Across Elk Mound, Chippewa County, Wisconsin
Source: Ownwell
$105,200
$194,125
$283,050
Median Elk Mound Market Value
$283,050
Median Chippewa County Market Value
$187,500
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elk Mound, Chippewa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54739 | $53,600 | $213,275 | $283,050 | $362,250 | $443,880 |
Source: Ownwell
Property Tax Bills Across Elk Mound, Chippewa County, Wisconsin
In Elk Mound, Chippewa County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price stands at $283,050, with property tax bills ranging from the 25th percentile at $1,963 to the 90th percentile at $4,395. The median tax bill for the area is $2,705, which is above the national median property tax bill of $2,400. Factors influencing these bills include the assessed value of the property and local government budget needs. Homeowners may find their tax bills significantly impacting their annual expenses, especially when compared to the national median property tax rate of 1.02%.
Ownwell assists homeowners in Elk Mound by providing expert property tax appeal services. By analyzing the assessed value and ensuring it's in line with market values, Ownwell can help reduce the tax burden. This service ensures homeowners only pay their fair share, potentially saving them hundreds, if not thousands, on their property tax bills.
Median Elk Mound Tax Bill
$2,705
Median Chippewa County Tax Bill
$2,187
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Elk Mound, Chippewa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54739 | $556 | $1,963 | $2,705 | $3,550 | $4,395 |
Source: Ownwell