Pittsville, Wisconsin Property Taxes
The median property tax rate in Pittsville, WI is 1.40%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $139,100 in Pittsville, the typical annual property tax bill reaches $2,047, still below the national median of $2,690. Property taxes in Pittsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pittsville'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 Pittsville 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
Pittsville, 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 Pittsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsville 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 Pittsville, Wisconsin
Property taxes in Pittsville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsville is 1.40%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pittsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsville 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 Pittsville's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54466 in Clark County has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these areas compare with Pittsville 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 Pittsville Tax Rate
1.40%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54466 | 1.17% | 1.33% | 1.40% | 1.45% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Pittsville, Wisconsin
In Pittsville, 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 local 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 Pittsville, 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 Pittsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Clark County is 54466, with a median tax bill of $2,047.
Average Pittsville Assessed Value
$139,100
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 Pittsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54466 | $48,060 | $74,150 | $139,100 | $205,850 | $239,680 |
Source: Ownwell
Property Tax Bills Across Pittsville, Wisconsin
In Pittsville, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Pittsville is $139,100. Property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as property location, improvements, and market conditions can influence the assessed value. Homeowners in Pittsville experience a range of tax bills, with the 25th percentile paying around $1,023 and the 75th percentile paying up to $2,852. For those at the 90th percentile, tax bills can reach $3,474. The highest and lowest median tax bill in the area, both at $2,047, are found in the 54466 zip code. Compared to the national median property tax rate of 0.99%, Pittsville’s tax rates can significantly impact homeowners' finances, making it crucial for residents to understand how their tax bills are calculated and what factors may cause fluctuations.
Average Pittsville Tax Bill
$2,047
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54466 | $419 | $1,023 | $2,047 | $2,852 | $3,474 |
Source: Ownwell