Wausaukee, Wisconsin Property Taxes
The median property tax rate in Wausaukee, WI is 1.29%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $80,600 in Wausaukee, the typical annual property tax bill amounts to $1,146, which is below the national median of $2,690. Property taxes in Wausaukee are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wausaukee'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 Wausaukee or another part of Marinette County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wausaukee, 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 Wausaukee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wausaukee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wausaukee 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 Wausaukee, Wisconsin
Property taxes in Wausaukee, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wausaukee is 1.29%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wausaukee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wausaukee 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 Wausaukee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54177 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Wausaukee 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 Wausaukee Tax Rate
1.29%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wausaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54177 | 1.09% | 1.21% | 1.29% | 1.33% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Wausaukee, Wisconsin
In Wausaukee, 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 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. In Wausaukee, 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 Wausaukee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 54177 has the highest and lowest median tax bill at $1,146.
Average Wausaukee Assessed Value
$80,600
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 Wausaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54177 | $14,600 | $40,300 | $80,600 | $133,500 | $187,830 |
Source: Ownwell
Property Tax Bills Across Wausaukee, Wisconsin
In Wausaukee, located in Marinette County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the property's market value. Homeowners in Wausaukee can expect varying property tax bills depending on the value of their properties. For instance, the tax bill at the 25th percentile is approximately $635, while at the 75th percentile, it rises to around $1833. Those in the 90th percentile face a tax bill of about $2646. The local tax rate is applied to the assessed value to determine the total tax bill. This rate is influenced by the funding needs of local services such as schools, infrastructure, and emergency services. With a median home price of $80,600, homeowners in Wausaukee may find their property tax bills to be relatively moderate compared to the national median property tax rate of 0.99%. This system ensures that property taxes are proportionate to property values, impacting homeowners based on their property's worth.
Average Wausaukee Tax Bill
$1,146
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wausaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54177 | $315 | $635 | $1,146 | $1,833 | $2,646 |
Source: Ownwell