Packwaukee, Wisconsin Property Taxes
The median property tax rate in Packwaukee, WI is 0.98%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With a median home value of $14,100 in Packwaukee, the typical annual property tax bill is $139, which is considerably less than the national median of $2,690. Property taxes in Packwaukee are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Packwaukee'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 Packwaukee or another part of Marquette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Packwaukee, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$138
Ownwell’s Packwaukee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Packwaukee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Packwaukee 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 Packwaukee, Wisconsin
Property taxes in Packwaukee, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Packwaukee is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Packwaukee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Packwaukee 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 Packwaukee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53953 zip code has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Packwaukee provides valuable insights into the varying tax landscape across Marquette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Packwaukee Tax Rate
0.98%
Average Marquette County Tax Rate
1.32%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Packwaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53953 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Packwaukee, Wisconsin
In Packwaukee, 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 Marquette 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 Packwaukee, 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. The median home price in Packwaukee is $14,100, and the median tax bill is $139, which is significantly lower than the national median property tax rate of 0.99%. The zip code 53953 has the highest and lowest median tax bills, both at $139. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Packwaukee Assessed Value
$14,100
Average Marquette County Assessed Value
$127,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Packwaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53953 | $14,100 | $14,100 | $14,100 | $14,100 | $14,100 |
Source: Ownwell
Property Tax Bills Across Packwaukee, Wisconsin
Property tax bills in Packwaukee, located in Marquette County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. In Packwaukee, the median home price is $14,100, and the tax bill remains consistent across various percentiles, with the 25th, 75th, and 90th percentiles all at $139. This is significantly lower than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, a lower property tax bill can mean reduced annual expenses, making homeownership more affordable. However, it also reflects the lower property values in the area, which can affect long-term investment potential. Understanding these factors helps homeowners plan their finances and anticipate any changes in their property tax obligations.
Average Packwaukee Tax Bill
$139
Average Marquette County Tax Bill
$1,806
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Packwaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53953 | $139 | $139 | $139 | $139 | $139 |
Source: Ownwell