Hillsdale, Wisconsin Property Taxes
The median property tax rate in Hillsdale, WI is 1.19%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Hillsdale at $196,300, the typical annual property tax bill is $2,310, slightly below the national median of $2,690. Property taxes in Hillsdale 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 Hillsdale'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 Hillsdale 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
Hillsdale, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,336
Ownwell’s Hillsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsdale 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 Hillsdale, Wisconsin
Property taxes in Hillsdale, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsdale is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hillsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsdale 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 Hillsdale's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54733 has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Hillsdale 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 Hillsdale Tax Rate
1.19%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsdale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54733 | 1.00% | 1.11% | 1.19% | 1.26% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Hillsdale, Wisconsin
In Hillsdale, 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 Assessor 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 Hillsdale, 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 Hillsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Barron County, the highest median tax bill is $2,310 in the 54733 zip code, while the lowest median tax bill is also $2,310 in the same zip code.
Average Hillsdale Assessed Value
$196,300
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 Hillsdale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54733 | $78,220 | $122,850 | $196,300 | $269,500 | $345,900 |
Source: Ownwell
Property Tax Bills Across Hillsdale, Wisconsin
In Hillsdale, WI, property tax bills are calculated based on the assessed value of a home, which reflects the market value determined by local assessors. Homeowners in Hillsdale can expect property tax bills that vary significantly, depending on the assessed value of their property and the local tax rate. The median home price in Hillsdale is $196,300, which provides a benchmark for understanding typical tax bills in the area. The tax bill is influenced by several factors, including the property's assessed value, local levy rates, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Hillsdale is $1,375, while the 75th percentile tax bill reaches up to $3,272. The highest tax bills, at the 90th percentile, can go as high as $4,430. Compared to the national median property tax rate of 0.99%, the property tax burden in Hillsdale is relatively substantial, affecting homeowners by increasing their annual housing costs. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Hillsdale Tax Bill
$2,310
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsdale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54733 | $749 | $1,375 | $2,310 | $3,272 | $4,430 |
Source: Ownwell