Bear Creek, Wisconsin Property Taxes
The median property tax rate in Bear Creek, 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 Bear Creek at $79,550, the typical annual property tax bill reaches $1,444, exceeding the national median of $2,690. Property taxes in Bear Creek 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 Bear Creek'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 Bear Creek 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
Bear Creek, 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 Bear Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bear Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bear Creek 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 Bear Creek, Wisconsin
Property taxes in Bear Creek, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bear Creek is 1.79%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Bear Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bear Creek 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 Bear Creek's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54922 zip code has the highest median property tax rate of 1.79%, while the 54922 zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Bear Creek provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bear Creek Tax Rate
1.79%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bear Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54922 | 1.21% | 1.50% | 1.79% | 1.97% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Bear Creek, Wisconsin
In Bear Creek, 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 Outagamie 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 Bear Creek, 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 Bear Creek 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 54922, with a bill of $1,444, while the lowest is also 54922, with the same amount.
Average Bear Creek Assessed Value
$79,550
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bear Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54922 | $4,190 | $38,200 | $79,550 | $120,000 | $153,350 |
Source: Ownwell
Property Tax Bills Across Bear Creek, Wisconsin
In Bear Creek, Outagamie County, WI, property tax bills are calculated based on the assessed value of a home. The median home price in Bear Creek is $79,550. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. The median property tax rate in Bear Creek is comparable to the national median of 0.99%. Homeowners in Bear Creek can expect tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $546, while at the 75th percentile, it rises to $2,008. At the 90th percentile, homeowners might see tax bills as high as $2,517. The highest median tax bill in the area is $1,444, found in the 54922 zip code. These property taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Consequently, understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Bear Creek Tax Bill
$1,444
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bear Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54922 | $75 | $546 | $1,444 | $2,008 | $2,517 |
Source: Ownwell