Westfield, Wisconsin Property Taxes
The median property tax rate in Westfield, WI is 1.32%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Westfield at $130,800, the typical annual property tax bill reaches $1,915, which is below the national median of $2,690. Property taxes in Westfield 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 Westfield'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 Westfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westfield, 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 Westfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westfield 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 Westfield, Wisconsin
Property taxes in Westfield, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westfield is 1.32%, higher than the U.S. national median of 0.99%. Local government entities within Westfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westfield 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 Westfield's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53964 zip code has the highest median property tax rate of 1.32%, while the 53964 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Westfield 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 Westfield Tax Rate
1.32%
Average Marquette County Tax Rate
1.32%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53964 | 1.14% | 1.21% | 1.32% | 1.76% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Westfield, Wisconsin
In Westfield, 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 Westfield, 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 Westfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,915, found in the 53964 zip code.
Average Westfield Assessed Value
$130,800
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 Westfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53964 | $70,600 | $95,250 | $130,800 | $184,500 | $282,060 |
Source: Ownwell
Property Tax Bills Across Westfield, Wisconsin
In Westfield, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which can fluctuate based on local real estate trends. Factors such as property size, location, and improvements can also influence the assessed value. For instance, with a median home price of $130,800, homeowners in Westfield can expect varying tax bills. At the 25th percentile, tax bills are around $1,383, while at the 75th percentile, they rise to approximately $2,739. Homeowners at the 90th percentile could see tax bills as high as $3,449. These tax bills fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Westfield's rates reflect the local economic and real estate conditions, ensuring that homeowners contribute fairly to the community's needs.
Average Westfield Tax Bill
$1,915
Average Marquette County Tax Bill
$1,806
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Westfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53964 | $996 | $1,383 | $1,915 | $2,739 | $3,449 |
Source: Ownwell