Dresser, Wisconsin Property Taxes
The median property tax rate in Dresser, WI is 1.13%, 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 $236,400 in Dresser, the typical annual property tax bill amounts to $2,874, surpassing the national median of $2,690. Property taxes in Dresser are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Dresser'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 Dresser or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dresser, 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 Dresser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dresser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dresser 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 Dresser, Wisconsin
Property taxes in Dresser, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dresser is 1.13%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Dresser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dresser 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 Dresser's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54009 zip code has the highest median property tax rate of 1.13%, while the 54009 zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Dresser provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dresser Tax Rate
1.13%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dresser, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54009 | 1.04% | 1.08% | 1.13% | 1.44% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Dresser, Wisconsin
In Dresser, 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 Polk 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 Dresser, 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 Dresser helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dresser is $236,400, with tax bills ranging from $2,156 at the 25th percentile to $4,693 at the 90th percentile. The zip code 54009 has both the highest and lowest median tax bill at $2,874.
Average Dresser Assessed Value
$236,400
Average Polk County Assessed Value
$219,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dresser, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54009 | $114,240 | $174,200 | $236,400 | $316,600 | $406,680 |
Source: Ownwell
Property Tax Bills Across Dresser, Wisconsin
In Dresser, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Polk County. The assessed value is determined by local assessors who evaluate the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, the median home price in Dresser is $236,400, and homeowners can expect their tax bills to vary significantly. The 25th percentile of tax bills is $2,156, while the 75th percentile reaches $3,791, and the 90th percentile goes up to $4,693. Compared to the national median property tax rate of 0.99%, Dresser's rates reflect the local economic conditions and funding needs for public services. High property taxes can impact homeowners by increasing their annual expenses, but they also contribute to essential community services such as schools, infrastructure, and emergency services.
Average Dresser Tax Bill
$2,874
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dresser, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54009 | $1,439 | $2,156 | $2,874 | $3,791 | $4,693 |
Source: Ownwell