Tax Comparison: Cottonwood, AL vs Beaver dam, WI
Understanding Your Tax Burden
This page compares the three main types of taxes between Cottonwood, AL and Beaver dam, WI: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Cottonwood, AL
$1,258
Based on a $419,200 home
Rate: 0.3000%
Beaver dam, WI
$6,516
Based on a $419,200 home
Rate: 1.5545%
| Data | Cottonwood, AL | Beaver dam, WI |
|---|---|---|
| Effective Property Tax Rate | 0.3000% | 1.5545% |
| Estimated Property Tax | $1,258 | $6,516 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Cottonwood, AL are $5,259 lower than in Beaver dam, WI for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
AL
2%-5%
Single: $4,670
Married: $8,406
WI
3.5%-7.65%
Single: $5,393
Married: $9,707
| Data | AL | WI |
|---|---|---|
| Tax Rate | 2%-5% | 3.5%-7.65% |
| Single Filer ($100k) | $4,670 | $5,393 |
| Married Couple ($200k) | $8,406 | $9,707 |
| Median Income ($80.6k) | $4,030 | $4,271 |
Comparison: Income taxes in AL are $241 lower than in WI for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Cottonwood, AL
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
Beaver dam, WI
7.900%
Combined rate
Annual sales tax: $1224
(Based on $15,500 spending)
| Data | Cottonwood, AL | Beaver dam, WI |
|---|---|---|
| State Sales Tax | 4.00% | 5.00% |
| Combined Sales Tax | 12.000% | 7.900% |
| Annual Tax Amount | $1,860 | $1,224 |
Comparison: Shopping in Beaver dam, WI costs $636 less in annual sales tax than in Cottonwood, AL for the average household.
Tax Comparison Insights
Tax Insights: Cottonwood vs Beaver dam
- Property Tax: Cottonwood has a 1.2545 percentage points lower effective property tax rate than Beaver dam.
- Income Tax: Living in AL could save you approximately $241 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Beaver dam is 4.10 percentage points lower than in Cottonwood.
Overall Tax Burden Comparison
Cottonwood, AL
$7,147
Combined annual tax burden
Property
$1,258
Income
$4,030
Sales
$1,860
Beaver dam, WI
$12,011
Combined annual tax burden
Property
$6,516
Income
$4,271
Sales
$1,224
Overall Comparison: Cottonwood, AL has an estimated $4,864 lower total tax burden than Beaver dam, WI based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.