Rockland, Wisconsin Property Taxes
The median property tax rate in Rockland, WI is 1.38%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $184,400 in Rockland, the typical annual property tax bill amounts to $2,428, which is below the national median of $2,690. Property taxes in Rockland are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Rockland'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 Rockland or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rockland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,545
Ownwell’s Rockland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockland 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 Rockland, Wisconsin
Property taxes in Rockland, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockland is 1.38%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Rockland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockland 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 Rockland's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54653 zip code has the highest median property tax rate of 1.38%, while the same 54653 zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Rockland provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockland Tax Rate
1.38%
Average Monroe County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54653 | 1.11% | 1.26% | 1.38% | 1.49% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Rockland, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rockland, Wisconsin. 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 county 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 Rockland, 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 Rockland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54653, at $2,428, which is significantly above the national median property tax rate of 0.99%.
Average Rockland Assessed Value
$184,400
Average Monroe County Assessed Value
$170,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54653 | $47,760 | $105,800 | $184,400 | $273,900 | $354,480 |
Source: Ownwell
Property Tax Bills Across Rockland, Wisconsin
In Rockland, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $184,400, the property tax bill can vary significantly. Factors such as the home's size, location, and condition play a crucial role in determining its assessed value. Tax bills in Rockland can range widely, with the 25th percentile at $1,275 and the 75th percentile reaching $4,059. For the top 10% of homes, tax bills can climb to $5,532. These figures indicate that while some homeowners might pay relatively modest taxes, others could face substantial annual bills. Comparatively, the national median property tax rate is 0.99%, highlighting that Rockland's property tax rates can vary but are influenced by specific local factors. This variability in tax bills can significantly impact homeowners' financial planning and budgeting.
Average Rockland Tax Bill
$2,428
Average Monroe County Tax Bill
$2,549
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54653 | $645 | $1,275 | $2,428 | $4,059 | $5,532 |
Source: Ownwell