Crivitz, Wisconsin Property Taxes
The median property tax rate in Crivitz, WI is 1.12%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $81,800 in Crivitz, the typical annual property tax bill amounts to $1,080, surpassing the national median of $2,690. Property taxes in Crivitz are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Crivitz'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 Crivitz or another part of Marinette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crivitz, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$916
Ownwell’s Crivitz Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crivitz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crivitz 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 Crivitz, Wisconsin
Property taxes in Crivitz, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crivitz is 1.12%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Crivitz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crivitz 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 Crivitz's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54114 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Crivitz provides valuable insights into the varying tax landscape across Marinette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crivitz Tax Rate
1.12%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crivitz, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54114 | 0.98% | 1.06% | 1.12% | 1.28% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Crivitz, Wisconsin
In Crivitz, 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 Marinette 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 Crivitz, 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 Crivitz helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 54114, with a median tax bill of $1080.
Average Crivitz Assessed Value
$81,800
Average Marinette County Assessed Value
$79,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crivitz, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54114 | $18,960 | $44,300 | $81,800 | $136,100 | $198,340 |
Source: Ownwell
Property Tax Bills Across Crivitz, Wisconsin
In Crivitz, located in Marinette County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Crivitz is $81,800, and property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Crivitz can expect to pay a median property tax bill of $1,080, which is slightly above the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax levies, and applicable exemptions. For example, the 25th percentile tax bill is $591, while the 75th percentile tax bill is $1,718, showing a range in tax burdens among homeowners. At the higher end, the 90th percentile tax bill reaches $2,618, indicating that more valuable properties or those with fewer exemptions can face significantly higher taxes. These taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Crivitz Tax Bill
$1,080
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Crivitz, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54114 | $337 | $591 | $1,080 | $1,718 | $2,618 |
Source: Ownwell