Chetek, Wisconsin Property Taxes
The median property tax rate in Chetek, WI is 1.15%, 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 $180,600, the typical annual property tax bill in Chetek reaches $2,247, which is below the national median of $2,690. Property taxes in Chetek are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Chetek'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 Chetek 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
Chetek, 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 Chetek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chetek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chetek 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 Chetek, Wisconsin
Property taxes in Chetek, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chetek is 1.15%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Chetek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chetek 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 Chetek's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54728 zip code has the highest median property tax rate of 1.15%, while the 54728 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Chetek provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chetek Tax Rate
1.15%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chetek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54728 | 1.00% | 1.07% | 1.15% | 1.41% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Chetek, 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 Barron 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 Chetek, 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. For example, the median home price in Chetek is $180,600, with tax bills ranging from $1,405 at the 25th percentile to $4,667 at the 90th percentile. The highest and lowest median tax bills, both at $2,247, are found in the 54728 zip code. 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 the tax burden.
Average Chetek Assessed Value
$180,600
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chetek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54728 | $54,800 | $111,700 | $180,600 | $282,800 | $383,300 |
Source: Ownwell
Property Tax Bills Across Chetek, Wisconsin
In Chetek, property tax bills are calculated based on the assessed value of a home, which is determined by the Barron County assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as location, property size, and market conditions influence the assessed value. For instance, the median home price in Chetek is $180,600, with tax bills ranging from $1,405 at the 25th percentile to $4,667 at the 90th percentile. The local tax rate in Chetek is compared to the national median property tax rate of 0.99%. Homeowners in Chetek may experience higher or lower tax bills depending on their property's assessed value and the specific tax rate applied. For example, the highest median tax bill in the area is $2,247, which is significantly above the national average. This variation impacts homeowners by influencing their overall housing costs, potentially affecting their financial planning and long-term investment in their property.
Average Chetek Tax Bill
$2,247
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Chetek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54728 | $626 | $1,405 | $2,247 | $3,374 | $4,667 |
Source: Ownwell