Hixton, Wisconsin Property Taxes
The median property tax rate in Hixton, WI is 1.38%, 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 of $131,000 in Hixton, the typical annual property tax bill reaches $1,832, falling below the national median of $2,690. Property taxes in Hixton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hixton'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 Hixton 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
Hixton, 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 Hixton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hixton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hixton 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 Hixton, Wisconsin
Property taxes in Hixton, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hixton is 1.38%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hixton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hixton 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 Hixton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54635 ZIP code has the highest median property tax rate of 1.38%, while the 54635 ZIP code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Hixton 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 Hixton Tax Rate
1.38%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hixton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54635 | 1.06% | 1.23% | 1.38% | 1.52% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Hixton, Wisconsin
In Hixton, 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 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. Assessment notices in Hixton 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 Hixton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hixton is $131,000, with tax bills ranging from $1,062 at the 25th percentile to $3,953 at the 90th percentile. The zip code 54635 has the highest and lowest median tax bill, both at $1,832.
Average Hixton Assessed Value
$131,000
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 Hixton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54635 | $43,830 | $84,525 | $131,000 | $189,325 | $267,400 |
Source: Ownwell
Property Tax Bills Across Hixton, Wisconsin
In Hixton, located in Jackson County, WI, 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 county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence the property tax bill, including the property's location, size, and improvements. For instance, the median home price in Hixton is $131,000. At the 25th percentile, homeowners might expect a tax bill of around $1,062, whereas those at the 75th percentile could see bills as high as $2,716. The highest median tax bill in the area is $1,832, which is relatively moderate compared to the national median property tax rate of 0.99%. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services. Consequently, understanding how property tax bills are determined can help homeowners in Hixton budget more effectively and anticipate any changes in their annual expenses.
Average Hixton Tax Bill
$1,832
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hixton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54635 | $544 | $1,062 | $1,832 | $2,716 | $3,953 |
Source: Ownwell