Muscoda, Wisconsin Property Taxes
The median property tax rate in Muscoda, WI is 1.25%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $110,100 in Muscoda, the typical annual property tax bill amounts to $1,347, falling below the national median of $2,690. Property taxes in Muscoda are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Gaining a thorough understanding of Muscoda's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Muscoda or another part of Grant County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Muscoda, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,376
Ownwell’s Muscoda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Muscoda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muscoda 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 Muscoda, Wisconsin
Property taxes in Muscoda, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Muscoda is 1.25%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Muscoda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muscoda 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 Muscoda's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53573 zip code, which encompasses Muscoda, has a median property tax rate of 1.25%. Understanding how this compares with other regions provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Muscoda Tax Rate
1.25%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Muscoda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53573 | 0.92% | 1.02% | 1.25% | 1.46% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Muscoda, Wisconsin
In Muscoda, 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 Grant County Assessor 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 Muscoda, 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 Muscoda 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 is 53573, with a median tax bill of $1,347.
Average Muscoda Assessed Value
$110,100
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Muscoda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53573 | $33,440 | $63,000 | $110,100 | $177,525 | $274,120 |
Source: Ownwell
Property Tax Bills Across Muscoda, Wisconsin
In Muscoda, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Grant County Assessor’s Office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $110,100, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property improvements, location, and market conditions influence the assessed value. In Muscoda, the tax bill at the 25th percentile is $863, while at the 75th percentile, it rises to $2,361, and at the 90th percentile, it can be as high as $3,463. These figures highlight the range of tax bills homeowners might face, with the highest median tax bill recorded at $1,347 in the 53573 zip code. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly.
Average Muscoda Tax Bill
$1,347
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Muscoda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53573 | $349 | $863 | $1,347 | $2,361 | $3,463 |
Source: Ownwell