Danbury, Wisconsin Property Taxes
The median property tax rate in Danbury, WI is 0.94%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Danbury at $161,300, the typical annual property tax bill is $1,658, well below the national median of $2,690. Property taxes in Danbury are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Danbury'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 Danbury or another part of Burnett County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Danbury, 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 DANBURY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DANBURY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DANBURY 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 Danbury, Wisconsin
Property taxes in Danbury, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danbury is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Danbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danbury 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 Danbury's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54830 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Danbury provides valuable insights into the varying tax landscape across Burnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danbury Tax Rate
0.94%
Average Burnett County Tax Rate
1.10%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danbury, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54830 | 0.86% | 0.91% | 0.94% | 1.09% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Danbury, Wisconsin
In Danbury, 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 Burnett 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 Danbury, 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 Danbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54830 has the highest and lowest median tax bill of $1,658, with property tax bills ranging from $937 at the 25th percentile to $3,709 at the 90th percentile.
Average Danbury Assessed Value
$161,300
Average Burnett County Assessed Value
$141,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danbury, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54830 | $31,800 | $89,200 | $161,300 | $256,900 | $359,500 |
Source: Ownwell
Property Tax Bills Across Danbury, Wisconsin
In Danbury, Burnett County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, the median home price in Danbury is $161,300. Property taxes are determined by multiplying the assessed value by the local tax rate, which ensures that homeowners contribute fairly to community services such as schools, infrastructure, and public safety. The tax bill varies significantly across different percentiles: homeowners at the 25th percentile pay around $937, while those at the 75th percentile see bills of approximately $2,662. At the 90th percentile, the tax bill can reach up to $3,709. These figures highlight the range of property tax burdens within the area. The highest and lowest median tax bills are both recorded at $1,658, indicating a relatively uniform distribution of tax liabilities in certain regions. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly.
Average Danbury Tax Bill
$1,658
Average Burnett County Tax Bill
$1,677
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Danbury, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54830 | $457 | $937 | $1,658 | $2,662 | $3,709 |
Source: Ownwell