Catawba, Wisconsin Property Taxes
The median property tax rate in Catawba, WI is 1.45%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Catawba at $71,350, the typical annual property tax bill reaches $962, falling below the national median of $2,690. Property taxes in Catawba are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Catawba'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 Catawba 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
Catawba, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,035
Ownwell’s Catawba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Catawba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catawba 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 Catawba, Wisconsin
Property taxes in Catawba, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catawba is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Catawba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catawba 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 Catawba's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54515 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Catawba provides valuable insights into the varying tax landscape across Price County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catawba Tax Rate
1.45%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catawba, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54515 | 0.70% | 0.85% | 1.45% | 1.61% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Catawba, Wisconsin
In Catawba, 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 Price 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 Catawba, 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 Catawba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54515, with a median tax bill of $962.
Average Catawba Assessed Value
$71,350
Average Price County Assessed Value
$88,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catawba, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54515 | $20,100 | $41,675 | $71,350 | $122,375 | $196,300 |
Source: Ownwell
Property Tax Bills Across Catawba, Wisconsin
In Catawba, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Catawba is $71,350. Homeowners in this area typically see a property tax bill that ranges from $520 at the 25th percentile to $1,562 at the 75th percentile, with the 90th percentile reaching up to $2,189. The highest and lowest median tax bills are both $962, indicating a consistent tax rate across the region. Factors influencing the tax bill include the property's assessed value, which is determined by local assessors, and the tax rate set by local government entities. These rates fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Catawba's tax rates reflect the local economic conditions and public service needs. Homeowners should be aware that fluctuations in property values or changes in tax rates can significantly impact their annual tax bills.
Average Catawba Tax Bill
$962
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Catawba, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54515 | $261 | $520 | $962 | $1,562 | $2,189 |
Source: Ownwell