Gresham, Wisconsin Property Taxes
The median property tax rate in Gresham, WI is 1.76%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Gresham, the typical annual property tax bill reaches $2,306, which is below the national median of $2,690. Property taxes in Gresham are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gresham'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 Gresham or another part of Shawano County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gresham, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$2,304
Ownwell’s Gresham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gresham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gresham 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 Gresham, Wisconsin
Property taxes in Gresham, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gresham is 1.76%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Gresham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gresham 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 Gresham's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54128 zip code has the highest median property tax rate of 1.76%, while the 54128 zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Gresham 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 Gresham Tax Rate
1.76%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gresham, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54128 | 1.34% | 1.56% | 1.76% | 1.91% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Gresham, Wisconsin
In Gresham, 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 Shawano County 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 Gresham, 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 Gresham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2306 in the 54128 zip code, which is also the lowest.
Average Gresham Assessed Value
$130,926
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 Gresham, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54128 | $52,727 | $86,406 | $130,926 | $193,866 | $268,627 |
Source: Ownwell
Property Tax Bills Across Gresham, Wisconsin
In Gresham, Shawano County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence the assessed value, including the property’s market value, size, location, and any improvements made to the home. Homeowners in Gresham experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,436, while those in the 75th percentile pay approximately $3,433. At the higher end, the 90th percentile tax bill reaches up to $4,942. These values provide a broad perspective on the potential financial impact on homeowners. Comparatively, with the national median property tax rate at 0.99%, Gresham's property tax rates can significantly influence homeowners' annual expenses. Understanding how these factors interplay helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Gresham Tax Bill
$2,306
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gresham, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54128 | $799 | $1,436 | $2,306 | $3,433 | $4,942 |
Source: Ownwell