Grand Marsh, Wisconsin Property Taxes
The median property tax rate in Grand Marsh, WI is 1.10%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $88,800 in Grand Marsh, the typical annual property tax bill amounts to $962, falling below the national median of $2,690. Property taxes in Grand Marsh are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Grand Marsh's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Grand Marsh or another part of Adams County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grand Marsh, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Grand Marsh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Marsh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Marsh to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Grand Marsh, Wisconsin
Property taxes in Grand Marsh, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Marsh is 1.10%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Grand Marsh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Marsh estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Grand Marsh's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53936 has the highest median property tax rate of 1.10%, while the lowest median tax rate is also 1.10%. Understanding how these cities compare with Grand Marsh provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Marsh Tax Rate
1.10%
Average Adams County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Marsh, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53936 | 0.89% | 1.05% | 1.10% | 1.16% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Grand Marsh, Wisconsin
In Grand Marsh, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adams County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Grand Marsh, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Grand Marsh is $88,800, with property tax bills ranging from $606 at the 25th percentile to $2,167 at the 90th percentile. Notably, the zip code 53936 has the highest and lowest median tax bills, both at $962. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Grand Marsh Assessed Value
$88,800
Average Adams County Assessed Value
$106,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Marsh, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53936 | $21,100 | $57,500 | $88,800 | $132,200 | $195,200 |
Source: Ownwell
Property Tax Bills Across Grand Marsh, Wisconsin
In Grand Marsh, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $88,800. Homeowners can expect a tax bill that varies widely depending on their property's assessed value and the local tax rate. For instance, the 25th percentile tax bill is $606, while the 75th percentile tax bill reaches $1,453. For those in the 90th percentile, the tax bill can be as high as $2,167. These figures reflect how property taxes can significantly impact homeowners, with some paying more than double the amount of others based on their property's assessed value. The highest and lowest median tax bills in the county are both $962, indicating a relatively consistent tax rate within the region. Compared to the national median property tax rate of 0.99%, Grand Marsh homeowners experience a range of tax bills that can either be more affordable or considerably higher, depending on their specific circumstances.
Average Grand Marsh Tax Bill
$962
Average Adams County Tax Bill
$1,401
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Marsh, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53936 | $193 | $606 | $962 | $1,453 | $2,167 |
Source: Ownwell