Athelstane, Wisconsin Property Taxes
The median property tax rate in Athelstane, WI is 1.16%, 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 $129,100 in Athelstane, the typical annual property tax bill comes to $1,474, which is below the national median of $2,690. Property taxes in Athelstane are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Athelstane'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 Athelstane 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
Athelstane, 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 Athelstane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athelstane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athelstane 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 Athelstane, Wisconsin
Property taxes in Athelstane, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athelstane is 1.16%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Athelstane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athelstane 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 Athelstane's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54104 has the highest median property tax rate of 1.16%, while the lowest median tax rate is also 1.16% in the same zip code. Understanding how these areas compare with Athelstane provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athelstane Tax Rate
1.16%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athelstane, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54104 | 0.94% | 1.14% | 1.16% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Athelstane, Wisconsin
In Athelstane, 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 Forest 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 Athelstane, 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 example, the highest median tax bill in the area is $1,474 in zip code 54104, which is also the lowest median 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 Athelstane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Athelstane Assessed Value
$129,100
Average Forest County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athelstane, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54104 | $46,620 | $78,000 | $129,100 | $288,900 | $348,100 |
Source: Ownwell
Property Tax Bills Across Athelstane, Wisconsin
In Athelstane, property tax bills are determined by assessing the market value of a home and applying the local property tax rate. The median home price in Athelstane is $129,100. Property tax bills can vary significantly, ranging from $888 at the 25th percentile to $4,140 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,474, found in the zip code 54104. Several factors influence these tax bills, including the property's assessed value, the local tax rate, and any applicable exemptions or reductions. Homeowners in Athelstane may find their property taxes higher or lower than the national median property tax rate of 0.99%, depending on these variables. This variability can significantly impact household budgets, making it essential for homeowners to understand how their tax bills are calculated and to explore potential opportunities for appealing their assessments or applying for exemptions.
Average Athelstane Tax Bill
$1,474
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Athelstane, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54104 | $509 | $888 | $1,474 | $3,428 | $4,140 |
Source: Ownwell