Exeland, Wisconsin Property Taxes
The median property tax rate in Exeland, WI is 1.18%, 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 $87,700 in Exeland, the typical annual property tax bill amounts to $1,087, falling below the national median of $2,690. Property taxes in Exeland are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Exeland'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 Exeland 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
Exeland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,035
Ownwell’s Exeland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Exeland with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Exeland to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Exeland, Wisconsin
Property taxes in Exeland, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Exeland is 1.18%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Exeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Exeland 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 Exeland's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54835 has the highest median property tax rate of 1.18%, while the lowest median tax rate is also 1.18%. Understanding how these cities compare with Exeland provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Exeland Tax Rate
1.18%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Exeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54835 | 0.94% | 1.05% | 1.18% | 1.35% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Exeland, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Exeland, 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 Rusk County Assessor 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. 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 Exeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Exeland is $87,700, with the 25th percentile tax bill at $724 and the 75th percentile at $1,547. The highest and lowest median tax bill is $1,087, found in zip code 54835.
Average Exeland Assessed Value
$87,700
Average Rusk County Assessed Value
$102,350
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Exeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54835 | $25,940 | $67,250 | $87,700 | $122,375 | $204,620 |
Source: Ownwell
Property Tax Bills Across Exeland, Wisconsin
In Exeland, located in Rusk County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Exeland is $87,700, and the property tax rate is derived from this assessed value. The local tax rate is applied to the assessed value to determine the annual property tax bill. For example, homeowners in Exeland experience a range of tax bills: the 25th percentile tax bill is $724, while the 75th percentile tax bill is $1,547. At the higher end, the 90th percentile tax bill can reach up to $2,389. Several factors influence these tax bills, including the home's assessed value, local government budgets, and any applicable exemptions. These property taxes are crucial for funding public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Exeland's tax rates reflect the local community's needs and economic conditions, impacting homeowners by contributing to the overall cost of homeownership.
Average Exeland Tax Bill
$1,087
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Exeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54835 | $321 | $724 | $1,087 | $1,547 | $2,389 |
Source: Ownwell