Tomah, Monroe County, Wisconsin Property Taxes
Median Tomah, WI effective property tax rate: 1.63%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Tomah, WI home value: $172,500
Median annual Tomah, WI tax bill: $2,570, $170 higher than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Tomah, 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 Tomah’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tomah, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tomah, Monroe County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.63%
Estimate Property Tax Bill
$2,812
$2,609
Ownwell’s Tomah Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tomah with just two data points.
By entering your property's estimated assessed value, our calculator applies Tomah’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 Monroe County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Tomah, Monroe 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 Tomah, located in Monroe County, property tax rates are a reflection of this budgeting process. The effective property tax rate here stands at 1.63%, aligning with both the highest and lowest rates in the region, indicating uniformity across the area. This rate is notably higher than Wisconsin's median property tax rate and significantly exceeds the national median of 1.02%. This suggests that property owners in Tomah face higher property tax bills compared to many other parts of the country. Understanding these rates can help property owners make informed decisions about appealing their property taxes, potentially leading to substantial savings.
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 Tomah Tax Rate
1.63%
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 Monroe County Tax Rate
1.50%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tomah, Monroe County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54660 | 1.10% | 1.18% | 1.63% | 1.75% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Tomah, Monroe County, Wisconsin
When examining property taxes in Tomah, 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 Monroe 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 Monroe 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 Tomah. For example, the median home price in Tomah is $172,500, with tax bills ranging significantly across the county. ZIP code 54660 has the highest median home price at $172,500.
Property Tax Assessment Values Across Tomah, Monroe County, Wisconsin
Source: Ownwell
$112,900
$149,900
$186,900
Median Tomah Market Value
$172,500
Median Monroe County Market Value
$170,300
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tomah, Monroe County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54660 | $79,800 | $122,200 | $172,500 | $237,300 | $335,100 |
Source: Ownwell
Property Tax Bills Across Tomah, Monroe County, Wisconsin
Property tax bills in Tomah, part of Monroe County, WI, are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the local assessor. Tomah's median property tax bill stands at $2,570, slightly above the national median of $2,400. This indicates that homeowners in Tomah might pay more than the average American homeowner. Factors influencing the tax bill include the property's location, size, and any improvements made. For homeowners, these tax bills can represent a significant financial burden, especially when they fall within the higher percentiles, such as the 90th percentile, where bills can reach up to $4,696.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially reducing their tax bills. Through expert analysis and representation, Ownwell ensures that properties are assessed fairly, helping homeowners achieve savings and reduce their financial burden.
Median Tomah Tax Bill
$2,570
Median Monroe County Tax Bill
$2,549
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Tomah, Monroe County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54660 | $1,111 | $1,811 | $2,570 | $3,502 | $4,696 |
Source: Ownwell