Mellen, Wisconsin Property Taxes
The median property tax rate in Mellen, WI is 1.48%, considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Mellen at $70,200, the typical annual property tax bill reaches $1,152, which is below the national median of $2,690. Property taxes in Mellen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mellen'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 Mellen or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mellen, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$1,039
Ownwell’s Mellen Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mellen with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mellen to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Mellen, Wisconsin
Property taxes in Mellen, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mellen is 1.48%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mellen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mellen 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 Mellen's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54546 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Mellen provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mellen Tax Rate
1.48%
Average Ashland County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mellen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54546 | 1.40% | 1.48% | 1.48% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Mellen, Wisconsin
In Mellen, 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 Ashland 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 Mellen, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mellen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 54546 has the highest and lowest median tax bill of $1,152.
Average Mellen Assessed Value
$70,200
Average Ashland County Assessed Value
$101,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mellen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54546 | $22,300 | $43,500 | $70,200 | $124,700 | $190,100 |
Source: Ownwell
Property Tax Bills Across Mellen, Wisconsin
In Mellen, located in Ashland County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Mellen is $70,200, and the property tax rate is a crucial factor in determining the annual tax bill. For instance, homeowners in Mellen can expect a tax bill ranging from $735 at the 25th percentile to $2,849 at the 90th percentile. The median property tax bill in the area stands at $1,152, which is slightly above the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. These tax bills significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Understanding how these elements come together to form the final tax bill can help homeowners in Mellen better prepare for their financial obligations and explore potential savings through available exemptions and appeals.
Average Mellen Tax Bill
$1,152
Average Ashland County Tax Bill
$1,986
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mellen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54546 | $387 | $735 | $1,152 | $1,938 | $2,849 |
Source: Ownwell