Wabeno, Wisconsin Property Taxes
The median property tax rate in Wabeno, WI is 1.10%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Wabeno at $122,100, the typical annual property tax bill is $1,321, which is below the national median of $2,690. Property taxes in Wabeno are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wabeno'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 Wabeno or another part of Forest County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wabeno, 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 Wabeno Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wabeno with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wabeno 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 Wabeno, Wisconsin
Property taxes in Wabeno, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wabeno is 1.10%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wabeno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wabeno 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 Wabeno's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54566 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these areas compare with Wabeno 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 Wabeno Tax Rate
1.10%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wabeno, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54566 | 0.89% | 1.01% | 1.10% | 1.13% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Wabeno, Wisconsin
In Wabeno, 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 Wabeno, 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. The median home price in Wabeno is $122,100, with tax bills ranging from $652 at the 25th percentile to $3,111 at the 90th percentile. 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 Wabeno helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wabeno Assessed Value
$122,100
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 Wabeno, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54566 | $30,930 | $64,425 | $122,100 | $196,450 | $269,640 |
Source: Ownwell
Property Tax Bills Across Wabeno, Wisconsin
In Wabeno, located in Forest County, WI, property tax bills are calculated based on the assessed value of a home. The local government assesses properties to determine their taxable value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Wabeno, the median home price is $122,100, and tax bills can vary significantly. At the 25th percentile, homeowners can expect to pay around $652 annually, while those at the 75th percentile face tax bills closer to $2,231. The highest tax bills in the area, at the 90th percentile, can reach up to $3,111. These figures illustrate the range of property tax burdens, which are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Wabeno's tax rates reflect the specific needs and budgetary requirements of the local government. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Wabeno Tax Bill
$1,321
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wabeno, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54566 | $290 | $652 | $1,321 | $2,231 | $3,111 |
Source: Ownwell