Aniwa, Wisconsin Property Taxes
The median property tax rate in Aniwa, WI is 1.27%, higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $136,532 in Aniwa, the typical annual property tax bill is $1,680, which is below the national median of $2,690. Property taxes in Aniwa are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Aniwa'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 Aniwa or another part of Marathon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aniwa, 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 Aniwa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aniwa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aniwa 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 Aniwa, Wisconsin
Property taxes in Aniwa, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aniwa is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Aniwa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aniwa 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 Aniwa's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54408 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Aniwa provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aniwa Tax Rate
1.27%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aniwa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54408 | 0.83% | 0.93% | 1.27% | 1.62% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Aniwa, Wisconsin
In Aniwa, 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 Marathon 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 Aniwa, 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 Aniwa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54408 has both the highest and lowest median tax bill at $1,680, which is below the national median property tax rate of 0.99%.
Average Aniwa Assessed Value
$136,532
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aniwa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54408 | $20,976 | $85,860 | $136,532 | $194,526 | $260,006 |
Source: Ownwell
Property Tax Bills Across Aniwa, Wisconsin
In Aniwa, located in Marathon County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Aniwa is $136,532. The tax bill for homeowners can vary significantly, with the 25th percentile paying around $868 annually and the 75th percentile facing bills up to $2,790. The 90th percentile sees even higher bills, reaching up to $3,939. Factors that influence the tax bill include the property's assessed value, which is determined by local assessors, and the tax rate set by local government entities. This rate is applied to the assessed value to calculate the annual tax bill. For context, the national median property tax rate is 0.99%, which can help homeowners in Aniwa gauge how their local rates compare. Understanding these factors is crucial for homeowners, as property taxes directly impact their annual expenses and overall financial planning. Keeping an eye on property assessments and local tax rates can help homeowners anticipate changes in their tax bills.
Average Aniwa Tax Bill
$1,680
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Aniwa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54408 | $246 | $868 | $1,680 | $2,790 | $3,939 |
Source: Ownwell