Arena, Iowa County, Wisconsin Property Taxes
Median Arena, WI effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Arena, WI home value: $164,150
Median annual Arena, WI tax bill: $3,393, $993 higher than the national median property tax bill of $2,400.
How are property taxes in Iowa calculated?
Property taxes in Arena, 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 Arena’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Arena, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Arena, Iowa County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.08%
Estimate Property Tax Bill
$3,414
$3,168
Ownwell’s Arena Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arena with just two data points.
By entering your property's estimated assessed value, our calculator applies Arena’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 Iowa County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Arena, Iowa County, Wisconsin
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation arises because each county annually estimates the budget needed for services and divides it by the total value of taxable properties in its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the essence of the annual process.
In Arena, located in Iowa County, Wisconsin, the effective property tax rate is a point of interest. When comparing Arena's rate to other cities in Wisconsin, you'll notice variations that reflect the unique budgetary needs and property values of each area. Wisconsin's median property tax rate is notably higher than the national median, which highlights the state's reliance on property taxes for funding local services. This comparison underscores the importance of understanding how local tax rates are set and their impact on property owners. By being informed, property owners in Arena and beyond can better navigate the complexities of property taxation and potentially identify opportunities for tax appeals or exemptions.
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 Arena Tax Rate
2.08%
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 Iowa County Tax Rate
1.92%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Arena, Iowa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53503 | 1.44% | 2.05% | 2.08% | 2.13% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Arena, Iowa County, Wisconsin
When examining property taxes in Arena, Wisconsin, 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 Iowa 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 Iowa 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 Arena.
For example, the median home price in Arena is $164,150, with tax bills ranging significantly across the county. Zip code 53503 has the highest median home price at $164,150.
Property Tax Assessment Values Across Arena, Iowa County, Wisconsin
Source: Ownwell
$88,800
$139,800
$190,800
Median Arena Market Value
$164,150
Median Iowa County Market Value
$148,000
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Arena, Iowa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53503 | $45,400 | $130,850 | $164,150 | $195,025 | $248,590 |
Source: Ownwell
Property Tax Bills Across Arena, Iowa County, Wisconsin
In Arena, Iowa County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Arena is $164,150, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property size, location, and market trends influence the assessed value. Homeowners in Arena face a median property tax bill of $3,393, which is significantly higher than the national median property tax bill of $2,400. This can place a substantial financial burden on homeowners.
Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal services. By analyzing the assessed value and comparing it with market data, Ownwell identifies discrepancies and presents a strong case for reassessment. This process can lead to a lowered assessed value, resulting in a reduced tax bill. With Ownwell's support, homeowners in Arena can potentially save money and alleviate the financial strain of high property taxes.
Median Arena Tax Bill
$3,393
Median Iowa County Tax Bill
$3,284
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Arena, Iowa County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53503 | $1,718 | $2,914 | $3,393 | $3,953 | $4,921 |
Source: Ownwell