Alma Center, Wisconsin Property Taxes
The median property tax rate in Alma Center, WI is 1.56%, slightly lower than the Wisconsin state median of 1.58%, but still considerably higher than the national median of 0.99%. With the median home value in Alma Center, the typical annual property tax bill reaches $1,940, which is below the national median of $2,690. Property taxes in Alma Center are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alma Center'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 Alma Center or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alma Center, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,033
Ownwell’s Alma Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alma Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alma Center 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 Alma Center, Wisconsin
Property taxes in Alma Center, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alma Center is 1.56%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Alma Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alma Center 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 Alma Center's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54611 zip code has the highest median property tax rate of 1.56%, while the 54611 zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Alma Center provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alma Center Tax Rate
1.56%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alma Center, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54611 | 1.09% | 1.28% | 1.56% | 1.69% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Alma Center, Wisconsin
In Alma Center, 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 Jackson 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 Alma Center, 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 Alma Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1940, found in the 54611 zip code.
Average Alma Center Assessed Value
$130,300
Average Jackson County Assessed Value
$129,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alma Center, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54611 | $51,980 | $87,700 | $130,300 | $186,700 | $246,520 |
Source: Ownwell
Property Tax Bills Across Alma Center, Wisconsin
In Alma Center, located in Jackson County, WI, property tax bills are calculated based on the assessed value of a home. Assessors determine this value by evaluating the market conditions, property characteristics, and any improvements made to the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. For example, the median home price in Alma Center is $130,300. Homeowners in Alma Center can expect a tax bill ranging significantly. At the 25th percentile, the tax bill is approximately $1,264, while at the 75th percentile, it rises to about $2,897. The tax bill at the 90th percentile reaches up to $3,987. These figures indicate that property taxes can vary widely depending on the assessed value of the property and other influencing factors. Compared to the national median property tax rate of 0.99%, Alma Center's property tax bills reflect the local economic conditions and property values. This variability in tax bills can significantly impact homeowners, influencing their overall financial planning and housing affordability.
Average Alma Center Tax Bill
$1,940
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Alma Center, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54611 | $652 | $1,264 | $1,940 | $2,897 | $3,987 |
Source: Ownwell