Black Creek, Wisconsin Property Taxes
The median property tax rate in Black Creek, WI is 1.31%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Black Creek at $258,608, the typical annual property tax bill reaches $3,544, significantly exceeding the national median of $2,690. Property taxes in Black 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 Black 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 Black 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
Black Creek, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$3,388
Ownwell’s BLACK CREEK Property Tax Bill Calculator is an invaluable resource for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in BLACK CREEK. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in BLACK CREEK to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Black Creek, Wisconsin
Property taxes in Black Creek, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black Creek is 1.31%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Black Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black 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 Black Creek's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54106 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Black Creek provides valuable insights into the varying tax landscape across Shawano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Black Creek Tax Rate
1.31%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54106 | 1.29% | 1.30% | 1.31% | 1.33% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Black Creek, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Black Creek, 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 Shawano 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 Black 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 Black Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both reported at $3,544 in the zip code 54106.
Average Black Creek Assessed Value
$258,608
Average Shawano County Assessed Value
$142,102
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Black Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54106 | $200,670 | $214,283 | $258,608 | $293,660 | $408,963 |
Source: Ownwell
Property Tax Bills Across Black Creek, Wisconsin
In Black Creek, Shawano County, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, adjusted periodically to reflect changes in the real estate market. For homeowners in Black Creek, the median home price is $258,608, which serves as a baseline for calculating property taxes. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Black Creek is $2,783, while the 75th percentile tax bill reaches $3,838, and the 90th percentile peaks at $5,590. These figures indicate a range of tax liabilities, depending on the property's assessed value and other contributing factors. Compared to the national median property tax rate of 0.99%, Black Creek's rates can significantly affect homeowners. Higher property taxes can impact household budgets, making it crucial for homeowners to understand their tax liabilities and explore potential exemptions or appeals.
Average Black Creek Tax Bill
$3,544
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54106 | $2,598 | $2,783 | $3,544 | $3,838 | $5,590 |
Source: Ownwell