Unity, Wisconsin Property Taxes
The median property tax rate in Unity, WI is 1.20%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $102,265 in Unity, the typical annual property tax bill reaches $1,232, surpassing the national median of $2,690. Property taxes in Unity 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 Unity'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 Unity or another part of Marathon County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Unity, 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 UNITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNITY 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 Unity, Wisconsin
Property taxes in Unity, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unity is 1.20%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Unity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unity 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 Unity's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54488 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with Unity 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 Unity Tax Rate
1.20%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unity, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54488 | 1.04% | 1.11% | 1.20% | 1.33% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Unity, Wisconsin
In Unity, 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 Unity, 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. The median home price in Unity is $102,265, with tax bills ranging from $744 at the 25th percentile to $2,802 at the 90th percentile. The highest and lowest median tax bill is $1,232 in the 54488 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Unity Assessed Value
$102,265
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 Unity, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54488 | $8,227 | $63,908 | $102,265 | $159,580 | $228,898 |
Source: Ownwell
Property Tax Bills Across Unity, Wisconsin
In Unity, located in Marathon County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Unity is $102,265. Homeowners in the 25th percentile can expect a tax bill around $744, while those in the 75th percentile might see bills closer to $1,911. For the top 10% of homeowners, tax bills can reach up to $2,802. These figures are influenced by several factors, including property size, location, and improvements made to the property. The tax rate in Unity is determined by local government budgets and funding needs for public services such as schools, roads, and emergency services. Homeowners should be aware that their property tax bill is a significant factor in their overall housing costs and can fluctuate based on changes in assessed property values and local tax rates. Comparatively, the national median property tax rate is 0.99%, which provides a reference point for evaluating Unity's property tax landscape.
Average Unity Tax Bill
$1,232
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Unity, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54488 | $102 | $744 | $1,232 | $1,911 | $2,802 |
Source: Ownwell