Marshfield, Wisconsin Property Taxes
The median property tax rate in Marshfield, WI is 1.67%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Marshfield at $130,300, the typical annual property tax bill reaches $2,097, exceeding the national median of $2,690. Property taxes in Marshfield 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 Marshfield'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 Marshfield 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
Marshfield, 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 Marshfield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Marshfield with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Marshfield to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more granular trends, scroll down to explore localized information at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Marshfield, Wisconsin
Property taxes in Marshfield, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshfield is 1.67%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Marshfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshfield 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 Marshfield's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54449 zip code has both the highest and lowest median property tax rate of 1.67%. Understanding how these cities compare with Marshfield provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marshfield Tax Rate
1.67%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54449 | 1.49% | 1.59% | 1.67% | 1.74% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Marshfield, Wisconsin
In Marshfield, 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 Clark 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 Marshfield, 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 Marshfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Marshfield is $130,300, with the highest median tax bill of $2,097 found in zip code 54449.
Average Marshfield Assessed Value
$130,300
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54449 | $96,700 | $104,100 | $130,300 | $242,550 | $263,380 |
Source: Ownwell
Property Tax Bills Across Marshfield, Wisconsin
Property tax bills in Marshfield, located in Clark County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor who evaluates the property's market value. Once the assessed value is established, it is multiplied by the tax rate to calculate the annual property tax bill. In Marshfield, homeowners typically experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,726, while the 75th percentile reaches up to $4,125. The highest tax bills, such as those in the 90th percentile, can be as much as $4,624. The median home price in the area is $130,300, which plays a significant role in the tax calculation. Compared to the national median property tax rate of 0.99%, Marshfield's rates can be seen as relatively moderate or high depending on the assessed value and specific tax rate applied. These property taxes are essential for funding local services, but they also represent a significant expense for homeowners, impacting overall housing affordability.
Average Marshfield Tax Bill
$2,097
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54449 | $1,555 | $1,726 | $2,097 | $4,125 | $4,624 |
Source: Ownwell