Pembine, Wisconsin Property Taxes
The median property tax rate in Pembine, WI is 1.79%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Pembine, the typical annual property tax bill reaches $1,128, exceeding the national median of $2,690. Property taxes in Pembine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pembine'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 Pembine 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
Pembine, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$1,119
Ownwell’s Pembine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pembine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pembine 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 Pembine, Wisconsin
Property taxes in Pembine, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pembine is 1.79%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pembine set these rates annually, and they can vary across different neighborhoods. Each year, Pembine 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 Pembine's effective property tax rate to other areas in Marinette County and the national median. For comparison, the zip code 54119 has the highest median property tax rate of 1.80%, while zip code 54156 has the lowest median tax rate of 1.79%. Understanding how these areas compare with Pembine 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 Pembine Tax Rate
1.79%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pembine, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54119 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
| 54156 | 1.28% | 1.57% | 1.79% | 1.88% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Pembine, Wisconsin
In Pembine, 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. Assessment notices in Pembine 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. For instance, the highest median tax bill in Marinette County is $4,532 in the 54119 zip code, while the lowest is $1,128 in the 54156 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 Pembine Assessed Value
$62,500
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 Pembine, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54119 | $251,700 | $251,700 | $251,700 | $251,700 | $251,700 |
| 54156 | $17,770 | $33,300 | $62,500 | $99,000 | $134,110 |
Source: Ownwell
Property Tax Bills Across Pembine, Wisconsin
Property tax bills in Pembine, located in Marinette County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and aims to reflect the market value of the property. Homeowners in Pembine can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by local taxing authorities. For example, the median home price in Pembine is $62,500. Property tax bills can range significantly within the area, with the 25th percentile tax bill at $615, while the 75th percentile reaches $1,820. The 90th percentile tax bill can go up to $2,515, highlighting the variability based on property value and local tax rates. In Marinette County, the highest median tax bill recorded is $4,532, while the lowest is $1,128, showing a broad spectrum of what homeowners might expect. These property taxes are crucial as they fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Pembine Tax Bill
$1,128
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pembine, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54119 | $4,532 | $4,532 | $4,532 | $4,532 | $4,532 |
| 54156 | $339 | $615 | $1,128 | $1,820 | $2,514 |
Source: Ownwell