Hilbert, Wisconsin Property Taxes
The median property tax rate in Hilbert, WI is 1.35%, 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 $115,897 in Hilbert, the typical annual property tax bill amounts to $1,589, falling below the national median of $2,690. Property taxes in Hilbert are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hilbert's property tax system and exploring available exemptions can lead to significant annual savings. Whether you're in the heart of Hilbert or another part of Calumet County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hilbert, 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 Hilbert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hilbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hilbert 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 Hilbert, Wisconsin
Property taxes in Hilbert, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilbert is 1.35%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hilbert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilbert 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 Hilbert's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54129 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Hilbert provides valuable insights into the varying tax landscape across Calumet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilbert Tax Rate
1.35%
Average Calumet County Tax Rate
1.87%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hilbert, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54129 | 1.07% | 1.26% | 1.35% | 1.41% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Hilbert, Wisconsin
In Hilbert, 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 Calumet 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 Hilbert, 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 Hilbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hilbert is $115,897, with tax bills ranging from $1,470 at the 25th percentile to $4,822 at the 90th percentile. The zip code with the highest and lowest median tax bill is 54129, with a median tax bill of $1,589.
Average Hilbert Assessed Value
$115,897
Average Calumet County Assessed Value
$194,187
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hilbert, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54129 | $93,043 | $113,580 | $115,897 | $198,812 | $305,603 |
Source: Ownwell
Property Tax Bills Across Hilbert, Wisconsin
In Hilbert, located in Calumet County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, homeowners in Hilbert can expect tax bills to vary significantly, with the 25th percentile paying around $1,470 and the 75th percentile facing bills up to $3,145. At the 90th percentile, tax bills can reach as high as $4,822. These tax bills impact homeowners by influencing their annual housing costs and potentially affecting their overall financial planning. Compared to the national median property tax rate of 0.99%, Hilbert's property tax rates can be seen as relatively moderate. Homeowners need to be aware of these factors as they can significantly impact their long-term investment and affordability in the area.
Average Hilbert Tax Bill
$1,589
Average Calumet County Tax Bill
$3,772
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilbert, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54129 | $1,069 | $1,470 | $1,589 | $3,145 | $4,822 |
Source: Ownwell