Ingram, Wisconsin Property Taxes
The median property tax rate in Ingram, WI is 0.61%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Ingram, the typical annual property tax bill reaches $34, far below the national median of $2,690. Property taxes in Ingram 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 Ingram'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 Ingram or another part of Rusk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ingram, 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 Ingram Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ingram with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ingram 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 Ingram, Wisconsin
Property taxes in Ingram, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ingram is 0.61%, which is lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ingram set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ingram 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 Ingram's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54526 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Ingram 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 Ingram Tax Rate
0.61%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ingram, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54526 | 0.59% | 0.60% | 0.61% | 0.65% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Ingram, Wisconsin
In Ingram, 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 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 Ingram, 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 Ingram helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $5,500, with tax bills ranging from $21 at the 25th percentile to $166 at the 90th percentile.
Average Ingram Assessed Value
$5,500
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 Ingram, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54526 | $2,220 | $3,450 | $5,500 | $17,400 | $24,540 |
Source: Ownwell
Property Tax Bills Across Ingram, Wisconsin
In Ingram, located in Rusk County, WI, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local assessors who evaluate various factors such as the property's size, location, and condition. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ingram, the median home price stands at $5,500. The tax bill can vary significantly depending on the property's assessed value. For instance, those in the 25th percentile can expect to pay around $21 annually, while those in the 75th percentile pay approximately $117. Homeowners in the 90th percentile face a tax bill of about $166. These property tax bills impact homeowners by influencing their overall cost of living. While the national median property tax rate is 0.99%, the rates in Ingram reflect the local economic conditions and property values, providing a unique landscape for property owners in this region.
Average Ingram Tax Bill
$34
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ingram, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54526 | $13 | $21 | $34 | $117 | $166 |
Source: Ownwell