Taylor County Real Estate and Livability Trends
Taylor County, Wisconsin has seen a notable increase in average taxable income per tax return, jumping from $46,536.57 in 2013 to $65,095.21 in 2021. This economic boost could draw investors and potentially elevate property values. Median home values in the county have also risen from $127,200 in 2015 to $168,800 in 2022, though this is slower than state and national rates. As real estate taxes... Read more
Taylor County Market Trends
Taylor County, Wisconsin, is experiencing a steady appreciation in median home values, climbing from $127,200 in 2015 to $168,800 in 2022, though this growth is slower than the rest of the state and the nation. Residential energy tax credits per tax return have shown volatility, peaking in 2016 and 2021, hinting at sporadic investments in energy-efficient upgrades. Real estate taxes have risen... Read more
Median Value of Occupied Housing Units in Taylor County, Wisconsin Over the Last 8 Years
Taylor County, Wisconsin is showing an upward trend in median home values over the past eight years, increasing from $127,200 in 2015 to $168,800 in 2022. While this growth is steady, it's notably outpaced by Wisconsin's overall median home values, which surged from $165,800 in 2015 to $231,400 in 2022. On the national level, Taylor County's growth is more comparable, yet still falls slightly behind with the United States median values climbing from $125,500 in 2015 to $179,400 in 2022. For investors and potential homeowners focusing on Taylor County, this could mean opportunities for growth, especially when considering regional affordability alongside a consistent appreciation in home values.
Residential Energy Tax Credit Per Tax Return in Taylor County, WI Over the Last 8 Years
Taylor County, Wisconsin, exhibits fluctuating trends in residential energy tax credits per tax return over the last eight years. Peaks occurred notably in 2016 with $712.00 and 2021 with $750.00, suggesting periods of increased investment in energy-efficient home improvements or greater utilization of tax credits during these years. The dip in 2015 to $284.62 may indicate reduced engagement or eligibility changes. Variations highlight potential influences like policy shifts, economic conditions, or local initiatives affecting homeowner incentives to invest in energy improvements. This is valuable for investors, builders, and real estate agents considering market influences on property desirability and cost-efficiency investments.
Average Real Estate Taxes Per Tax Return in Taylor County, WI Over the Last 10 Years
Taylor County, Wisconsin has seen a steady rise in average real estate taxes per tax return over the past decade. Starting at $3,430.62 in 2012, taxes gradually increased each year, reaching a peak of $4,975.00 in 2020 before slightly declining to $4,691.30 in 2021. This upward trend, despite the slight dip in the most recent year, indicates growing property values and potentially higher costs for homeowners, which could be a consideration for potential investors or homebuyers in the area. For real estate agents, appraisers, and insurance agents, this trend underscores the importance of monitoring tax changes as it directly affects property valuation and insurance premiums.
Percentage of Farm Returns in Taylor County, WI Over the Last 10 Years
The percentage of farm tax returns in Taylor County, Wisconsin has seen a slight decline over the last decade, ranging from approximately 8.81% in 2012 to around 7.64% in 2021. Farm tax returns reflect income reported by individuals or businesses involved in farming, providing key insights into the local agricultural economy. This downward trend may suggest shifts in economic focus or challenges within the farming sector. For investors, builders, and potential residents, these trends could indicate broader economic changes that may impact property values, business opportunities, and lifestyle choices in the county.
Number of Mortgages by Occupancy Type in Taylor County, WI Over the Last 5 Years in Taylor County
In Taylor County, Wisconsin, there's been noticeable variation in mortgage counts across different occupancy types over the past five years, with principal residences consistently leading the pack. Investment properties and second residences have fluctuated but generally remained lower in number. This pattern could indicate a stable demand for primary living spaces, which might appeal to those planning to move to or invest in the area. For appraisers and insurance agents, understanding these trends helps in accurate property assessments and risk evaluations. Builders and real estate agents could leverage this data to tailor their projects and marketing strategies effectively, while existing residents can gain insights into the evolving local housing landscape.
Economic Outlook
Taylor County, Wisconsin has witnessed a significant rise in average taxable income per tax return, climbing from $46,536.57 in 2013 to $65,095.21 in 2021. This economic uptick could make the area more tempting for investors and property developers, possibly driving up property values. Meanwhile, state and local income taxes per tax return have surged from $5,550.25 in 2012 to $10,740.91 in 2021, signaling increased fiscal responsibilities that might affect cost of living and property... Read more
Average Taxable Income per Tax Return in Taylor County, WI over the last 9 years
Over the past nine years, Taylor County, Wisconsin has seen a notable increase in average taxable income per tax return, starting at $46,536.57 in 2013 and rising to $65,095.21 in 2021. This steady growth hints at a gradually improving economic climate, which may make the area more attractive for potential investors and property developers. Additionally, the uptick in income could influence home appraisals, insurance premiums, and real estate market dynamics, indicating a potential for higher property values and increased financial resilience among residents.
Average State and Local Income Taxes Per Tax Return in Taylor County, WI Over the Last 10 Years
Average state and local income taxes per tax return in Taylor County, Wisconsin have shown a general upward trend over the last decade, with notable fluctuations. Starting at approximately $5,550.25 in 2012, taxes surged significantly in recent years, peaking around $10,740.91 in 2021. Noteworthy jumps occurred post-2016, suggesting increased fiscal responsibilities for residents. This trend could be of interest to potential investors, homebuyers, and real estate agents, as higher taxes might impact overall cost of living and property valuations in the county.
Average Total Tax Liability Per Tax Return in Taylor County, WI Over the Last 10 Years
Over the last decade in Taylor County, Wisconsin, the average total tax liability per tax return has seen a notable upward trend, particularly surging from $7,298.56 in 2020 to $9,640.66 in 2021. For real estate investors, this potentially indicates a growing local economy or changes in tax policy affecting property and income. Residents and professionals in the area, including appraisers and insurance agents, should be aware of these shifts as they could impact property values and cost of living. Real estate agents might use this data to explain market dynamics to potential buyers and sellers.
Cost of Living in Taylor County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,032 | $1,472 | $2,030 | $1,656 | $1,474 |
| 1 adult 4 children | $1,032 | $1,202 | $1,553 | $1,656 | $1,633 |
| 2 adults 3 children | $1,032 | $1,202 | $1,761 | $1,656 | $1,209 |
| 1 adult 3 children | $1,032 | $982 | $1,284 | $1,656 | $1,355 |
| 2 adults 2 children | $826 | $984 | $1,491 | $1,435 | $991 |
| 1 adult 2 children | $826 | $735 | $1,015 | $1,435 | $1,034 |
| 2 adults 1 child | $826 | $778 | $1,222 | $717 | $847 |
| 1 adult 1 child | $826 | $502 | $746 | $717 | $741 |
| 2 adults | $630 | $625 | $953 | $0 | $619 |
| 1 adult | $579 | $341 | $477 | $0 | $549 |
Safety trends & Data
Taylor County, Wisconsin, has seen fluctuating property crime trends over the past five years, with burglary incidents peaking at 13 cases in 2018 and nearly returning to those levels in 2022. Incidents of larceny-theft showed a decline from 63 in 2018 to 26 in 2020 but have since increased to 44 and 42 in the last two years. Fraud cases varied, spiking to 14 in 2018 before dropping to just 1 in 2021 and stabilizing somewhat in 2022. These changes in crime rates may influence property values,... Read more
Property Crime Trends in Taylor County, WI Over the Last 5 Years
Property crime trends in Taylor County, Wisconsin show notable fluctuations over the past five years. Burglary incidents peaked at 13 cases in 2018, dipped in 2020, but rose back to 12 in 2022. Larceny-theft, though showing a general decline from 2018 (63 incidents) to 2020 (26 incidents), spiked again to 44 and 42 in the subsequent years. Fraud cases varied, with a high of 14 in 2018 and dropping to just 1 in 2021 before somewhat increasing in 2022. Motor vehicle thefts and vandalism experienced generally low and stable counts. These evolving crime patterns could impact property values, insurance premiums, and investment opportunities in the county.
Demographics
Taylor County, Wisconsin showcases a balanced gender population with slightly more males than females. The area has a diverse age distribution, with a significant proportion of residents aged 55 to 64 years, possibly indicating an aging population. Educational attainment reveals that most adults have a high school diploma, with a noteworthy number having some college education but no degree, which could suggest potential for further educational initiatives. The racial makeup is predominantly... Read more
Race Distribution in Taylor County, Wisconsin (2022)
Educational Attainment in Taylor County, Wisconsin (2022)
Age Distribution in Taylor County, Wisconsin
Citizen Population in Taylor County, Wisconsin (2022)
Political Trends & Data
Taylor County, Wisconsin leans heavily Republican, with around 71% of voters supporting the GOP in the 2020 Presidential Election, while Democrats secured about 25%. This stark contrast might highlight broader political tendencies in Wisconsin's rural communities, where minor parties like the Libertarians and Greens have minimal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Taylor County, Wisconsin, the 2020 U.S. Presidential Election saw a strong lean towards the Republican party, which garnered around 71% of the vote. Conversely, the Democratic party received roughly 25%, indicating a significant disparity between the two major parties. Minor parties such as the Libertarian and Green parties captured a very small fraction of the vote, suggesting limited influence. These voting trends could be indicative of broader political preferences in rural areas of the state.
71.65% of voters voted for the Republican party in the 2020 Presidential Election
25.20% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Green party in the 2020 Presidential Election
2.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Taylor County, Wisconsin has fallen from 17 students per teacher in 2014 to just over 14 in 2023. Although still slightly higher than the national average, this trend indicates more personalized attention for students and can make the area more attractive for families and investors. Such educational data might influence property values and appraisals, as areas with favorable school statistics often draw increased interest from... Read more
Student-to-teacher ratio in Taylor County, Wisconsin over the last 9 years
The student-to-teacher ratio in Taylor County, Wisconsin has shown a decreasing trend over the last nine years, starting from a high of 17 students per teacher in 2014 to just over 14 in 2023. While this remains slightly above the national average of 14, it's noteworthy for investors, real estate agents, and families considering the area. The relatively lower ratio in recent years might suggest more personalized attention for students, which can impact local real estate desirability and educational outcomes. This trend can also influence appraisals and property values, as areas with favorable educational statistics often attract more interest. Insurance agents and those building properties might factor this data into community assessments, incorporating the educational environment as a positive selling point.
