Pickett, Wisconsin Property Taxes
The median property tax rate in Pickett, WI is 1.28%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value in Pickett of $214,089, the typical annual property tax bill reaches $2,981, surpassing the national median of $2,690. Property taxes in Pickett 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 Pickett'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 Pickett 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
Pickett, 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 Pickett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickett 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 Pickett, Wisconsin
Property taxes in Pickett, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickett is 1.28%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pickett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickett 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 Pickett's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54964 in Fond du Lac County has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Pickett provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pickett Tax Rate
1.28%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54964 | 1.17% | 1.20% | 1.28% | 1.40% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Pickett, Wisconsin
In Pickett, 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 Pickett, 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. For instance, the median home price in Pickett is $214,089, with the 25th percentile tax bill at $1,889 and the 75th percentile tax bill at $3,832. The highest median tax bill is $2,981 in the 54964 zip code. 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 Pickett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pickett Assessed Value
$214,089
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pickett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54964 | $44,552 | $154,898 | $214,089 | $284,266 | $350,214 |
Source: Ownwell
Property Tax Bills Across Pickett, Wisconsin
In Pickett, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence this calculation, including the property's market value, location, and any applicable exemptions or deductions. For instance, the median home price in Pickett is $214,089. With property tax bills ranging from $1,889 at the 25th percentile to $4,424 at the 90th percentile, homeowners in Pickett typically pay a significant portion of their home’s value in property taxes. The median tax bill in the area is $2,981, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Consequently, understanding how property tax bills are calculated helps homeowners in Pickett plan their finances and anticipate their annual expenses.
Average Pickett Tax Bill
$2,981
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54964 | $571 | $1,889 | $2,981 | $3,832 | $4,424 |
Source: Ownwell